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Question 1 options: Match each statement with its proper term. Select the number of the correct answer. Firm Transaction Costs Scarce Resources Financial Risk Normal

Question 1 options: Match each statement with its proper term. Select the number of the correct answer.

Firm

Transaction Costs

Scarce Resources

Financial Risk

Normal Profit

1.

All costs involved in market

2.

Given a level of debt, it is the chance that profits will be different than expected because of changes in financial markets

3.

A productive organization that decides to produce internally some inputs or acquired them through the market based on transaction costs

4.

Limited inputs like land, labor, capital and entrepreneurship that are used in production processes

5.

This profit is zero because revenue exactly covers both accounting costs and opportunity costs

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