Examlex
The gold account is a component of the balance of payments account.
Short Run
A period in economics during which some factors of production and costs are variable, while others remain fixed.
Long Run
In economics, a period in which all factors of production and costs are variable, allowing for full adjustment to changes.
Profit
The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Loss
An economic condition where expenses exceed revenues, resulting in negative profit.
Q4: It is important to the future of
Q7: What would be a likely result of
Q10: If variable S falls as variable X
Q12: In a disaster situation, a nurse often
Q25: The country of Economia has higher productivity
Q39: Other things constant,if exports rise while imports
Q54: One reason consumers don't lobby to have
Q206: Opportunity costs:<br>A) are generally the same from
Q235: Describe the issues surrounding increasing global economic
Q243: Microeconomics looks at how markets are structured.