The role of the entrepreneur in an economy is to
A. Ensure full employment of labor.
B. Arrange bank financing for the owners of new businesses.
C. Bring the factors of production together and assume the risk of production.
D. Work with government planners to determine what goods are produced.
Answer: C
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The CPI is reported once every
A) year. B) quarter. C) month. D) week. E) other year.
In the foreign exchange market, what factor leads to a movement along the demand curve for dollars?
What will be an ideal response?
Which of the following goods has a perfectly inelastic supply?
A) insulin B) Diet Pepsi C) the original portrait of "Whistler's Mother" D) compact discs by Bush
According to data on Pennsylvania agriculture in the 18th century, the average size of a farm _________, while the output per farm ______________
a. increased; decreased b. decreased; increased c. decreased; remained fairly stable d. remained fairly stable; increased