The entrepreneur's sole function is to combine other resources (land, labor, and capital) in the production of some good or service.
Correct Answer:
Verified
Q5: The lower the consumer's income, the higher
Q172: An economy cannot produce at a point
Q173: The process by which capital goods are
Q174: Rational individuals may make different choices because
Q175: Although sleeping in on a work day
Q176: Positive statements are expressions of value judgments.
Q178: Choices entail marginal costs because resources are
Q179: The present choice of position on the
Q180: If economic theories are solidly based on
Q181: Answer the question on the basis of
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