An entrepreneur is:
A. an employee in a factory.
B. the manager of a factory.
C. the person who conceives and starts a business.
D. the person who does not assume any risk in business.
Answer: C
You might also like to view...
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
Tobin's q is defined as the market value of firms ________ the replacement cost of capital
A) times B) minus C) plus D) divided by
Suppose the market for hospital outpatient treatment is in equilibrium when a price ceiling is set below the equilibrium price. What do you expect to happen?
a. The number of outpatient visits will rise. b. A surplus will develop. c. Quantity demanded will decrease. d. Quantity supplied will increase. e. A shortage will develop
Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If no drones are produced, total variable costs are
A. $0. B. $25. C. $50. D. indeterminate from this information.