Which of the Following Is (Are)NOT an Institution of Economic

question 111

Multiple Choice

Which of the following is (are) NOT an institution of economic growth?

• A) property rights
• B) honest government
• C) labor unions
• D) competitive and open markets

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Definitions:

Net Operating Income

The income generated from normal business operations, calculated as revenues minus operating expenses excluding taxes and interest.

Common Corporate Costs

Common Corporate Costs refer to expenses incurred by a company that cannot be directly attributed to a specific business segment or product, such as headquarters expenses.

Variable Expenses

Costs that vary directly with the level of production or business activity, such as raw materials and direct labor.

Fixed Expenses

Costs that do not change with the level of output or sales, such as rent, salaries, and insurance premiums.