Subtracting the Purchase of Intermediate Products from the Value of the Sales

question 78

Multiple Choice

Subtracting the purchase of intermediate products from the value of the sales of final products determines the amount of:

• A)net investment for a business.
• B)profit and cost.
• C)value added from the economic activity.
• D)surplus or deficit from the economic activity.

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Definitions:

Swerve

In game theory, a strategy that involves a sudden change in direction or decision, especially to avoid a negative outcome.

Chicken

a domesticated bird commonly raised for its meat and eggs; also can denote a game in which two players head towards each other, and the first to veer away is considered the loser.

Payoff

The return or gain received from an investment or decision, representing the benefits accruing to the involved parties.

Pure Strategy Equilibria

In game theory, a situation where each player chooses one strategy and no player can benefit by changing their strategy while the other players keep theirs unchanged.