In order to prosper, entrepreneurs in a market economy must
A) have at least one million dollars of personal wealth for the financing of new projects.
B) find ways to slow technological change.
C) undertake projects that create wealth and increase the value of resources.
D) undertake projects that require resources that are more valuable than the products
C) undertake projects that create wealth and increase the value of resources.
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Potential GDP is also referred to as
A) full-employment GDP. B) politico-economic GDP. C) realized GDP. D) balanced-budget GDP.
Corporations can finance their activities through the sale of new stocks but are legally prohibited from selling bonds.
Answer the following statement true (T) or false (F)
The 45-degree line equates the level of income measured on the horizontal axis to the level of consumption plus saving measured on the vertical axis
Indicate whether the statement is true or false
Since 1970, has the distribution of income in the US become more equal, less equal, or remained unchanged?