Entrepreneurs serve a different purpose compared to a manager
Indicate whether the statement is true or false
True
Economics
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Paul Romer argues that a key feature of knowledge is
A) divisibility. B) private ownership. C) nonrivalry. D) durability.
Economics
The demand curve for spinach shows the quantity demanded of spinach
a. only at the equilibrium price of spinach b. at each possible price of spinach c. as income increases d. as income decreases e. at each possible price of a substitute good
Economics
If a one percent increase in the price of oranges leads to a five percent increase in the quantity supplied, the price elasticity of supply for oranges is ________.
A. 1/2 B. 5 C. 1/5 D. 2
Economics
Assuming no government or foreign sector, the formula for the multiplier is
A. 1 - MPC. B. 1/MPS. C. 1/MPC. D. 1/(1 + MPC).
Economics