Entrepreneurship functions better when
A. a system of private property rights permits entrepreneurs to capture the rewards from their entrepreneurial activities.
B. patent laws are not strongly enforced since they make imitation difficult.
C. government provides technical support to entrepreneurs.
D. universities provide research that is closely interrelated with the entrepreneurial activities.
Answer: A
You might also like to view...
Managers of a natural monopoly regulated using rate of return regulation have an incentive to
A) exaggerate the firm's costs. B) underestimate the firm's costs. C) minimize the monopoly's deadweight loss. D) make zero economic profit. E) exaggerate the firm's profit.
Greater wealth makes people _____________ willing to spend on consumption, causing __________ the economy's AD curve
A) more; movement down along B) more; a rightward shift of C) less; movement up along D) less; a rightward shift of
Suppose Fed’s purchase of government bonds results in a $140,000 increase in the excess reserves of a particular bank. What would be the applicable reserve requirement for the whole banking system to be able to expand the money supply by $560,000?
a. 4 percent b. 12 percent c. 16 percent d, 20 percent e. 25 percent
Which of the following is not a financial intermediary in the loanable funds market model?
a) Banks b) Mutual funds c) Stock market d) Credit unions