Which of the following statements is TRUE about profits? A) Profits a
Which of the following statements is TRUE about profits?
A) Profits are considered a cost of doing business.
B) Profits are excluded from the circular flow of the income diagram.
C) The only portion of profits that are included in the circular flow diagram are the portion paid out in the form of dividends.
D) Profits are considered one of the resources necessary for production.
ANSWER
A
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