Examlex
Which of the following questions is an example of a closed-ended question?
Transfer Payments
Payments made by the government to individuals, without requiring any service or goods in return, such as social security or unemployment benefits.
Imperfect Knowledge
A situation where all parties in an economic transaction do not possess full or equal information, leading to market failures or inefficiencies.
Return Investors
The profit or loss generated on an investment over a certain period of time, expressed as a percentage of the investment's initial cost.
Economic Profit
The difference between a firm's total revenue and its total economic costs, including both explicit and implicit costs.
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