Entrepreneurs are
a. profit-seeking decision makers who decide which business projects to undertake.
b. people who loan money to other business decision makers.
c. managers who generally work for a salary because they are unwilling to take risks.
d. none of the above.
A
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Irving Fisher took the view that the institutional features of the economy which affect velocity change ________ over time so that velocity will be fairly ________ in the short run
A) rapidly; erratic B) rapidly; stable C) slowly; stable D) slowly; erratic
In her calculation of the cost of going to college, an economist would include the amount of forgone earnings over the years spent at college.
Answer the following statement true (T) or false (F)
Since the future holds more uncertainty over longer periods of time, lenders generally want a:
A. constant interest rate for loans over the period of the loan. B. higher interest rate for loans over a longer period. C. lower interest rate for loans over a longer period. D. higher interest rate for loans over a shorter period.
The impressive economic growth record of South Korea between 1960 and the 1990s was due in part to
What will be an ideal response?