In a market system, which of the following is a major benefit of making the firm's owners and investors exclusively shoulder the business risk?
A. Those who deeply dislike business risk will not have anything to do with the business
B. This allows firms to more easily attract labor and other suppliers of inputs
C. This reduces the business risk in the economy
D. It makes it easier for the government to monitor and manage the business risk
Answer: B
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The Rule of 70 can be used to calculate the
A) 70 percent level of the economic growth rate. B) population growth rate per year. C) economic growth rate per year. D) economic growth rate per month. E) number of years it would take for the level of any variable to double.
Pollution is a relatively new phenomenon
a. True b. False Indicate whether the statement is true or false
If a business firm in Country A produces a good but does not sell it in that same year, that good will not be counted in Country A's GDP
Indicate whether the statement is true or false
Refer to the diagrams. In which case would the coefficient of income elasticity be positive?
A. A
B. B
C. C
D. D