An entrepreneur's motivation to start a business arises from
a. an innate love for the type of business that he or she starts.
b. a desire to earn a profit.
c. an altruistic desire to provide the world with a good product.
d. All of the above could be correct.
d
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________ is the measure of the sensitivity of one variable to a change in another
A) Multiplier B) Elasticity C) Amplitude D) Buoyancy
Import substitution industrialization in Latin America
A) relied on increased exports. B) provided subsidies for exports. C) shifted the bulk of exports away from primary commodities. D) created disincentives to export. E) Answers A and C are correct.
Economic discrimination occurs when two equal factors of production are paid differently
a. True b. False Indicate whether the statement is true or false
If a perfectly competitive firm sells 50 units of output at a market price of $10 per unit, its marginal revenue is:
A. more than $10. B. less than $10. C. $10. D. $500.