Trade and Gains Quiz

Increased trust

National defense concerns (correct)

Quality assurance

Production efficiency

Accounting profit is the number that would show up on the bank account but economic profit accounts for the opportunity cost. (correct)

Accounting profit and economic profit are the same.

Accounting profit is the number that would show up on the bank account and economic profit does not account for the opportunity cost.

None of the above

Trust (correct)

Services

Quality control

None of the above

<p>Some renters (the ones that still have a place to stay)</p> Signup and view all the answers

<p>Government is setting a limit on price</p> Signup and view all the answers

<p>We can produce more in total when we specialize</p> Signup and view all the answers