Serve as a Symbol of leader ship but ultimately the mayor has no formal authority outside the council The mayor cannot directly appoint or remove officials lax veto power over Council votes.
In the business cycle, what follows immediately after a peak is the Contraction phase.
During this period, economic growth weakens, it is what economists call a recession. The unemployment rate begins to rise. Businesses wait to hire new workers until they are sure the recession is over.
Answer:
The correct answer is option a.
Explanation:
Accounting profit is the difference between total revenue earned and total explicit costs incurred in the process of production. Explicit cost is the direct cost involved in the production process.
The economic profit is the difference between the total revenue earned and the total explicit as well as the implicit cost incurred. The implicit costs are the indirect cost or opportunity cost of production.
Since accounting profit does not take into account implicit costs, it is greater than economic profit.
I think it would be (d) pyschoanalytic theorist.
