A profit-seeking decision maker who decides which business projects to undertake and how they should be undertaken is called
a. a key man.
b. an entrepreneur.
c. a progressor.
d. a stakeholder.
B
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Give an example of a monetary policy target. Explain why the Fed uses policy targets
What will be an ideal response?
Which of the following is considered to be a goal of monetary policy?
A) a low federal budget deficit B) fair wages C) price stability D) an end to poverty
Which of the following statements about international trade restrictions is true?
a. They ensure that only efficient producers survive. b. They ensure that countries specialize only in those products that they can produce most efficiently. c. In the majority of cases, they harm domestic consumers. d. They typically benefit foreign producers at the expense of domestic consumers. e. They ensure that higher-quality goods are provided at lower prices.
If the U.S. continually runs a bilateral trade deficit with Japan, then
a. Japan's trade policies must be unfair to the United States. b. the United States is worse off as the result of its trade with Japan. c. Japan is the low-cost supplier of goods that we import intensively. d. both a and b are true.