Entrepreneurs are people who
A) accept ultimate responsibility for the projects they undertake.
B) are hired by others to manage business enterprises.
C) are hired by others to organize business enterprises.
D) own the resources used in the production process.
E) prefer a small chance for a large profit to a large chance for a small profit.
A) accept ultimate responsibility for the projects they undertake.
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The above table has the demand and supply schedules for money. What is the equilibrium nominal interest rate?
A) 8 percent B) 7 percent C) 6 percent D) 5 percent E) 9 percent
When a country exports something to the rest of the world, domestic consumers ________ because the greater the ________ in price and ________ in quantity bought, the greater is the consumers' loss
A) win; rise; increase B) lose, rise; decrease C) win; rise; decrease D) lose; rise; increase E) lose; fall; decrease
Product-specific services are most likely to be valuable for which of the following goods?
A) a box of 50 legal notepads B) a box of paper clips C) a stapler D) an office copying machine
Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer
a. True b. False Indicate whether the statement is true or false