An entrepreneur
A) always makes a profit
B) starts with an idea, organizes the resources to bring the idea to life and assumes the risk of profit or loss
C) always avoids risk
D) is a parasite that benefits by not paying other resources for their services
E) is the manager who runs an enterprise and keeps the customers happy
Correct Answer:
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Q30: A resource is something that
A)is used to
Q31: Profit is the payment made for land
Q32: The respective payments for the resources of
Q33: When economists refer to capital, they might
Q34: Because resources are scarce,
A)opportunity costs are zero
B)people
Q36: Which of the following would an economist
Q37: In economics, capital is defined as
A)natural resources,
Q38: Resources are used only in the production
Q39: "Natural resources" refers
A)bodies of water
B)trees
C)oil reserves
D)minerals
E)All of
Q40: Economists classify all of the following as
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