Entrepreneurship is
A. the financial capital necessary to launch a new business.
B. the talent to develop new products and processes and to organize production to make goods and services available.
C. unskilled labor.
D. the capital resources used to produce goods and services.
B. the talent to develop new products and processes and to organize production to make goods and services available.
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On a money demand diagram with the interest rate on the vertical axis, the real money balance demand schedule would be a vertical line under the assumption that
A) a lower interest rate raises the demand for real money. B) a lower interest rate lowers the demand for real money balances. C) the interest rate has no effect on the demand for real money balances. D) balances. E) a higher real GDP raises the demand for real money balances.
Which of the following is infrastructure?
A. IBM computer plant B. training and education C. services of doctors D. airports
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point E necessarily represents
A. only motorcycles being produced. B. overallocation of resources. C. an impossible production point. D. technological advancement.
If Abigail can make more candles in one day than Pierre, then Abigail has an absolute advantage in making candles
Indicate whether the statement is true or false