Which economist stressed the importance of the entrepreneur in economic growth?
A. Joseph Schumpeter
B. Thomas Malthus
C. Adam Smith
D. Karl Marx
Answer: A
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If wealth ________, then saving increases, which is shown by a ________
A) decreases; rightward shift of the supply of loanable funds curve B) decreases; movement downward along the supply of loanable funds curve C) increases; rightward shift of the supply of loanable funds curve D) increases; leftward shift of the supply of loanable funds curve E) increases; movement upward along the supply of loanable funds curve
Elected government officials seem biased toward favoring
A) the national interest. B) the global interest. C) well organized, special interest groups. D) policies that are in the long-run interest of economists.
To the stockholder, corporate stock represents
A) a source of fixed interest income. B) a loan. C) ownership. D) a guaranteed return of principal.
All of the following describe the conflict between divisions EXCEPT
a. some activities across divisions benefit from coordination b. managers of profit centers care too little about the effects of their decisions on other divisions c. managers are rewarded only for how well their own division is run d. A divisional manager does not have authority to run her division efficiently