Entrepreneurial profits are very low because entrepreneurs are generally
a. overly pessimistic and receive psychological rewards for their work.
b. overly pessimistic and incur psychological costs from their work.
c. overly optimistic and receive psychological rewards for their work.
d. overly optimistic and incur psychological costs from their work.
c
You might also like to view...
One advantage of a money market mutual fund account is that: a. it is guaranteed for a larger amount than are FDIC-insured deposits
b. it is a riskless asset. c. its holders typically earn more interest than they can with a regular bank account. d. it earns high interest and is liquid. e. it is completely liquid and riskless.
A traveler's check issued by a financial company is a component of M2
a. True b. False Indicate whether the statement is true or false
When there are beneficial externalities in a market,
A. marginal social cost is above marginal private cost. B. marginal social benefit is above marginal private benefit. C. marginal social benefit is below marginal private benefit. D. marginal social cost is below marginal private cost.
Which of the following is an accurate statement about a monopolistically competitive firm?
a. It uses ads to sell as much of a product as competitors do at the going price. b. It uses ads to continue selling a product even with decreasing prices. c. It uses ads to sell a product even with an expected price increase. d. It uses ads to sell more of a product than competitors do at the going price.