When Accounting Profits Are Zero,which of the Following Is Most

question 31

Multiple Choice

When accounting profits are zero,which of the following is most likely to be true?

• A) Economic profits could be zero.
• B) Economic profits could be positive.
• C) Economic profits are negative.
• D) All of these are likely.

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Definitions:

Secular Trend

a long-term pattern observed in data series over a significant period, indicating a general direction of change in society that is not attributed to seasonal or cyclical variations.

Nonindustrialized Countries

Countries that are less economically developed and not yet significantly involved in industrial processes.

Immaturity

denotes a lack of full development, whether in a biological, psychological, or emotional capacity.

Risky Behavior

Actions or behaviors that can potentially lead to harm or negative consequences for oneself or others.