Accountants only concern themselves with direct costs which involve things like the cost of materials, rent, and labor for instance. This profit is aptly named "accounting profit".
Economists consider those costs as well, but they also include indirect costs such as opportunity costs of other investments. Recall that opportunity cost is the cost of what you give up if you make a certain decision.
For instance, if a car factory makes 4 door sedans, but it could be making more money with SUVs, then the opportunity cost is high and the economic profit is lower compared to the accounting profit.
Article 1, Section 8, Clause 3 of the U.S. Constitution, which gives Congress the power “to regulate commerce with foreign nations, and among the several states, and with the Indian tribes.”
I believe within its regulated in a much more local way, like states and then within towns and then cities,etc. This is my guess though for the "within" Part
It may be curtailed if there is a possibility that such expression might lead to some evil. In cooperative federalism, responsibilities are mingled and distinctions are A term derived by President Lyndon B. Johnson to describe his own view. I hope my answer has come to your help. God bless and have a nice day ahead!
The answer would be I and III only.
Unanticipated inflation happens when people only find out about an increase in price of goods and services, only when it has already increased.
<em>Workers</em> are hurt by this, especially when <em>wage rates are fixed</em> because their expenses for daily living will increase and the income they make might not be enough to accommodate the increase.
<em>Lenders </em>are affected because the money they lent will not have the same purchasing power than it originally had when they lent it.