Econ is Everywhere - Helping Others

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A return on investment is positive when: *

1 point

costs exceed revenue.

revenue exceeds costs.

revenue equals costs.

there is zero revenue.

Profit is: *

1 point

a negative outcome of a capitalist society.

taxed at a lower rate then loss.

money left over after all costs a business incurs are subtracted.

a signal to buyers that prices for goods and services are too high.

As profits from producing a good or service increase, *

1 point

more businesses may rush to create or offer the product or service to earn profits

existing businesses may stop producing a product or service to earn profits

businesses may focus loss on philanthropy

governments raise taxes

Businesses prefer to hire employees who *

1 point

are friends and family members

cost very little

help them efficiently produce goods and services

do not use social media on regular basis

The equilibrium price of a wage is the one that *

1 point

meets minimum wage requirement

intersects the supply of and demand for the labor

is equal to the price of the good or service

attracts potential employees who have few skills

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