One example of an entrepreneur is:
a) a writer who is hired by a film studio to adapt a novel into a screenplay
b) a lawyer in a high-profile law firm that specializes in business law
c) an Olympic ice skater who later decides to join a professional ice show
d) an artist who runs a business painting murals in office buildings and restaurants
Ans: d) an artist who runs a business painting murals in office buildings and restaurants
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Quantity demanded will equal quantity supplied if a ________ is set ________ the equilibrium price.
A. price floor; above B. price ceiling; below C. price ceiling; at or below D. price ceiling; above
What is the role of profits in the neoclassical growth theory versus the new growth theory?
What will be an ideal response?
The wage rate is the opportunity cost of
A) leisure. B) consumption. C) working overtime. D) working.
Demand curves slope downward to the right
a. True b. False Indicate whether the statement is true or false