Entrepreneurs are unnecessary in a market economy, and their profit is unearned.
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Q13: Economists would classify the New York Mets
Q14: A factor market is
A) where goods are
Q15: In input, or factor, markets
A) consumers purchase
Q16: Mary Kay Ash was one of the
Q17: Organizations that transform resources into products are
Q19: An entrepreneur is a person who
A) assumes
Q20: Firms are organizations that
A) take advantage of
Q21: Consumers purchase products in _ markets.
A) output
B)
Q22: Factors of production are traded in the
Q23: Labor is demanded by firms in an
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