Which of the following is true?
A) All of the above are true.
B) The parents of successful entrepreneurs almost always have at least a college education.
C) Successful entrepreneurs are good at discovering profitable opportunities that have been overlooked by others.
D) Entrepreneurs are under-represented among millionaires.
C) Successful entrepreneurs are good at discovering profitable opportunities that have been overlooked by others.
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When the aggregate demand curve shifts ________ than the long-run aggregate supply shifts rightward, the result will be inflation
A) rightward at a faster rate B) leftward at a slower rate C) leftward at the same rate D) rightward at a slower rate
What are the typical types of risk faced by a firm?
What will be an ideal response?
When there is a price ceiling there will be
A. a shortage. B. a surplus. C. either a shortage or a surplus. D. neither a shortage nor a surplus.
Olive oil producers want to sell more olive oil at a higher price. Which of the following events would have this effect?
A) an increase in the price of olive oil presses B) a decrease in the cost of transporting olive oil to markets C) an increase in the price of land used to plant olive trees D) research finds that consumption of olive oil reduces the risk of heart disease