In order to prosper, entrepreneurs in a market economy must
A) have at least one million dollars of personal wealth for the financing of new projects.
B) undertake projects that create wealth and increase the value of resources.
C) undertake projects that require resources that are more valuable than the products produced.
D) find ways to slow technological change.
B) undertake projects that create wealth and increase the value of resources.
You might also like to view...
When a resource used in the production of a good sold in a competitive market is available in only limited quantities, the long-run supply curve is likely to be upward sloping
a. True b. False Indicate whether the statement is true or false
An employer asking potential job candidates to perform a test is an example of:
A. screening. B. statistical discrimination. C. signaling. D. building a reputation.
Assume that the riskiest individuals in a given population are the ones most likely to apply for health insurance. In this situation a provider of health insurance faces the problem of ________
A) moral hazard B) opportunity costs C) tertiary impedence D) adverse selection
Government institutions that protect the rights of individuals are ______
a. the executive, legislative, and judicial branches of government b. federal, state, and local governments c. federal agencies such as OSHA, FEC, and the FCC d. police, military branches, and the court system