Profits arise because an entrepreneur:
A) Prepares plan
B) Innovates
C) Lends money
D) Both (a) and (b
Correct Answer:
Verified
Q7: According to Keynes, interest is a payment
Q8: In economics capital refers to:
A)Money
B)High quality goods
C)Trade
Q9: Professor Knight is famous for his theory
Q10: Profits:
A)Are residual payment
B)Are pre-determined
C)Are fixed contract
D)Are always
Q11: Profits:
A)Are lower in the long run than
Q13: Gross profit does NOT include:
A)Rent of land
Q14: Some economists say that profit earner is
Q15: Risks in the business arise because of:
A)Introduction
Q16: According to Professor Knight risks are of
Q17: This is not a function of the
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