Which of the following is an example of an activity undertaken by an entrepreneur?
A) being appointed to the U.S. Supreme Court
B) choosing the color scheme for your renovated kitchen
C) being promoted to the position of Chief of Police
D) starting your own snow cone business
D
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With respect to the Ford Pinto, comparing the cost of the modification to the fuel tank with the lives the modification would save was the best way Ford could save the greatest number of lives at the lowest possible cost
Indicate whether the statement is true or false
What are the three types of unemployment and how do they change over the business cycle?
What will be an ideal response?
The fourth stage in the regulatory process is
A) a crisis. B) response by the financial system. C) regulation. D) regulatory response.
Suppose that in a month the price of oranges increases from $.75 to $1. At the same time, the quantity of oranges demanded decreases from 100 to 80. The price elasticity of demand for oranges (calculated using the initial value formula) is:
A. 0.75. B. 0.6. C. 0.25. D. 20.