Entrepreneurship refers to
What will be an ideal response?
persons who are risk-taking and develop new ways of doing things
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Use the following table to answer the next question.Year123456Price Index10095105125125120Nominal GDP rises faster than real GDP between years ________.
A. 2 and 4 B. 5 and 6 C. 1 and 2 D. 4 and 5
Refer to the figure above. If a price control is imposed at $8, what is the gain in consumer surplus?
A) $5 B) $10 C) $15 D) $20
Unlike other business organizations, corporations are distinct entities that can continue operations even if the people who began that business are no longer around.
Answer the following statement true (T) or false (F)
If the government wanted to encourage savings by offering a tax break, such a policy would work if the supply curve for financial capital is
a. elastic. b. steep. c. inelastic.