Which of the following is an example of an economic loss?

A. Workplace losses
B. Medical expenses
C. Property damage
D. All choices are correct



Answer :

Final answer:

Economic loss is when total costs exceed revenue for a firm in the short run due to layoffs, accidents, and health issues.


Explanation:

Economic loss refers to the amount by which the total cost exceeds total revenue in the short run for a firm. Examples of economic losses include layoffs resulting in unemployment, accidents involving property damage, and health issues leading to medical expenses.


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