Entrepreneurs should always
A) be the first mover
B) have a brand name
C) seek economic profit
D) seek accounting profit
C
You might also like to view...
A pure positive income shock leads to
A) an increase in leisure and consumption. B) an increase in leisure and work. C) an increase in work and consumption. D) an increase in leisure and taxes.
For any competitive labor market, changes that increase the opportunity cost of work will:
A. increase the labor supply and shift the supply curve right. B. decrease the labor supply and shift the supply curve right. C. decrease the labor supply and shift the supply curve left. D. increase the labor supply and shift the supply curve left.
From 2000 to 2010, the public sector share of total output
A. Trended up for state and local governments and down for the federal government. B. Trended up for state and local governments and up for the federal government. C. Remained stable for the federal government but trended up for state and local governments. D. Remained stable for state and local governments but trended up for the federal government.
Suppose that the elasticity of demand for hamburgers is 2.5 and price decreases by 14%. By what percentage will quantity demanded for hamburgers increase?
A. 2.5% B. 5.6% C. 25% D. 35%