An entrepreneur is a(n):
a. individual who has much education.
b. organizer who seeks profitable opportunities and is willing to accept risks.
c. business organization that uses inputs to produce output.
d. depot or warehouse for commercial products.
b
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When BMW, an German company, purchases a welding machine that was made in Toronto, the purchase is
A) a German export and a Canadian import. B) a German import and a Canadian export. C) both a German and a Canadian import. D) neither an export nor an import for either country.
What is the purpose of antitrust legislation?
What will be an ideal response?
Usually, a commercial bank's depositors and its owners are the same individuals
a. True b. False Indicate whether the statement is true or false
Almost all of the rent that tenants pay to landlords of apartments buildings is economic rent
a. True b. False Indicate whether the statement is true or false