Profits are BEST described as the rewards that are earned for _____ to produce products.
A) combining resources and assuming the risk
B) combining resources and lowering the cost
C) lowering costs and assuming the risk
D) combining risk and assuming the cost to produce
Correct Answer:
Verified
Q130: Entrepreneurs deserve the profits they earn because
Q131: The rewards entrepreneurs receive for combining land,
Q132: Profits are earned by
A) owners of human
Q133: In economics, the rewards earned by entrepreneurship
Q134: Shermar is willing to bear the risk
Q136: Profit is important in achieving economic efficiency
Q137: In general, if _, this is a
Q138: Which statement about economic profit is FALSE?
A)
Q139: The presence of economic profits in the
Q140: Innovation BEST describes
A) the creation of new
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents