All of the following statements are true about entrepreneurship except:
A. The entrepreneur assembles needed resources.
B. The entrepreneur risks her or his own money.
C. The entrepreneur reaps the profits or suffers the losses of the enterprise he or she creates.
D. The term entrepreneur is synonymous with the term inventor.
D. The term entrepreneur is synonymous with the term inventor.
You might also like to view...
GDP tends to rise and fall during economic fluctuations but other measures follow the same pattern. One of these measures is
A. the annual precipitation rate. B. the growth of the money supply. C. the inflation rate. D. the unemployment rate.
Holding other things constant, an appreciation of the US Dollar relative to the Chinese Yuan causes the demand for the Yuan to _____________ and the supply for Yuan to __________
a. Increase; decrease b. Increase, increase c. Decrease; Increase d. Decrease; Decrease
Finite resources
a. must be renewable b. must be nonrenewable c. can be renewable or nonrenewable d. are only nature-made resources e. can be expanded in a short period of time
Automatic stabilizers create ________ during recessions from increased government spending on welfare and unemployment insurance, and reduced tax revenues, and create _________ during peak growth periods of the economy from reduced government welfare spending and increased tax revenues.
A. fiscal stimulus, fiscal contraction B. fiscal stimulus, fiscal stimulus C. fiscal contraction, fiscal stimulus D. fiscal contraction, fiscal contraction