OPIC Stands For

question 45

Multiple Choice

OPIC stands for:

• A) Organization for the Prevention of Insufficient Capitalization.
• B) Organization of Petroleum Importing Countries.
• C) Overseas Private Investment Corporation.
• D) Overseas Public Insurance Commission.

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Definitions:

Demand Curve

A graphical representation that shows the relationship between the price of a good or service and the quantity demanded by consumers.

Profit

The financial gain received when the revenue from selling goods or services exceeds the cost of producing these goods or services.

Marginal Revenue

The additional revenue a business receives from selling one more unit of a good or service.

Average Cost

The per-unit cost obtained by dividing total production expenses by the number of produced units.