A Broker Can Expect to Earn a Fixed Amount of Profit

question 110

True/False

A broker can expect to earn a fixed amount of profit for her efforts regardless of the dollar value of the contract she negotiated.

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Definitions:

Macroeconomist

An economist who studies broad economic factors affecting the economy as a whole, such as inflation, unemployment, and national income.

Positive Statement

An objective and fact-based statement that can be tested and validated, focusing on describing how the world is.

Normative Statement

An opinion or judgment that suggests how things should be, rather than stating factual or objective observations.

Government Spending

The total amount of money that the government expends on public services and projects, such as infrastructure and defense.