Successful entrepreneurs
A) do not have to follow government regulations.
B) provide new products and job opportunities for others.
C) have high consumption rates and relatively low investment rates.
D) are not influenced by government tax policies.
B) provide new products and job opportunities for others.
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Before an uneven rise in prices Allan consumed five bread and six juice. After the price increase and with an increased welfare payment from the government Allan consumes four bread and seven juice
Does the government payment represent a true cost-of-living adjustment? A) Yes, if the two consumption bundles lie on the same indifference curve. B) Yes, if the second bundle yields more utility than the first. C) No, the first bundle is clearly preferred. D) Not enough information.
A firm's supply curve is that portion of its average cost curve that lies above their marginal cost curve
a. True b. False
Recessionary gap arises when
a. inventory stock falls. b. government spending increases. c. when the general price level increases. d. there is less spending than desired.
All of the following are factors that limit a poor nation's economic growth except
A. lack of human capital. B. insufficient capital formation. C. lack of entrepreneurial ability. D. insufficient controls on free trade.