What is an entrepreneur?
What will be an ideal response?
An entrepreneur is an individual who organizes, manages, and assumes the risk of a new firm.
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In the above, a marginal revenue curve for a perfectly competitive firm is shown in Figure ________
A) W B) X C) Y D) Z E) X and Figure Z
A command system is a method of coordinating a firm's productive resources that uses
A) government regulations. B) discipline and punishment. C) a managerial hierarchy. D) survival of the fittest.
The federal funds market is the market for
a. loans from the federal government. b. loans from the Federal Reserve. c. government borrowing and lending. d. interbank lending. e. all of the above.
The 1986 Safe Drinking Water Act Amendments
a. reduced federal controls on drinking water b. included a ban on lead pipe and solder in public drinking water systems c. were proposed but never passed by Congress d. comprise the rulings that currently govern U.S. drinking water