In a firm, an entrepreneur is one who
A. works for the owner by running the firm.
B. represents the firm in legal proceedings.
C. decides to hire or fire.
D. takes the risks associated with a business firm.
Answer: D
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A decrease in disposable income will shift the aggregate demand curve to the left
Indicate whether the statement is true or false
The implementation of the assembly line is an example of how
A) changes in the organization of production improve productivity. B) neutral technical change improves productivity. C) non-neutral technical change can decrease productivity. D) labor saving technical change increases economy-wide unemployment.
If the nominal interest rate is 5 percent and the inflation rate is 2 percent, then the real interest rate is 7 percent
a. True b. False Indicate whether the statement is true or false
Which of the following is a difference between stocks and bonds?
A. Bonds represent ownership; stocks represent debt. B. Bonds make interest payments; stocks pay dividends. C. Stock payouts are predictable; bond payouts are not. D. All of these are differences between stocks and bonds.