Entrepreneurs are unnecessary in a market economy, and their profit is unearned.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Assuming all excess reserves are loaned out, if the reserve ratio is 25 percent, the money multiplier will be equal to
A) 0.5. B) 2.5. C) 4. D) 5.
In the above figure, the rise in the price of a gallon of gasoline that created the movement from point C to point A would be shown as a movement ________ along the demand curve for ________
A) upward; coffee B) downward; coffee C) upward; gasoline D) downward; gasoline
An externality is_____
a. an unintended by-product of market exchange that is allocated outside the market system b. an intended by-product of market exchange that is allocated outside the market system c. an unintended by-product of market exchange that is allocated within the market system d. an intended by-product of market exchange that is allocated within the market system
In the circular-flow diagram, which of the following items does not flow from firms to households?
a. goods b. services c. capital d. profit