What Did a Survey That Asked the Opinion of Academic

question 147

Multiple Choice

What did a survey that asked the opinion of academic, business, and government economists on ten propositions about economic policy find?

• A) The respondents were almost equally divided on the propositions.
• B) The respondents favoured the propositions by a slight margin.
• C) The respondents disagreed with the propositions by a slight margin.
• D) There was overwhelming endorsement of the propositions among the respondents.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Department Contribution Margin

A measure of a department's profitability, calculated as the difference between its sales and variable costs.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the efficiency of a company's core operations.

Direct Departmental Expenses

Costs that can be directly attributed to a specific department within an organization, such as salaries of departmental staff.