Returns Above Costs Intended as a Secondary Income for Entrepreneurs

question 47

Multiple Choice

Returns above costs intended as a secondary income for entrepreneurs are referred to as _____.

• A) substitution profits
• B) supplemental profits
• C) success profits
• D) marginal profits

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Definitions:

Deflation

A decrease in the general price level of goods and services, often resulting in increased purchasing power of the currency.

Full Employment

An economic situation where all available labor resources are being used efficiently and there is no cyclical unemployment, implying a low, stable rate of unemployment.

Aggregate Supply

The aggregate output of goods and services generated inside an economy, measured at a specific price level over a designated time frame.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, serving as a key indicator of economic health.