Entrepreneurs reveal
A) things that the market knew.
B) things that the market did not know.
C) things that the government knew.
D) things that were previously known.
Correct Answer:
Verified
Q12: Economic profit equals
A)accounting profit plus the cost
Q13: Specialization should be guided
A)by government regulations.
B)comparative advantage
C)by
Q14: Entrepreneurs should always
A)be the first mover
B)have a
Q15: The market process is
A)governmental.
B)institutional.
C)dynamic.
D)all of these choices.
Q16: It is sometime useful to view each
Q18: Markets provide
A)information.
B)prices.
C)incentives.
D)all of these choices.
Q19: A bond is a form of
A)dividend.
B)debt.
C)equity.
D)stock.
Q20: In the market processes resources end up
Q21: The market process is dynamic.
Q22: Entrepreneurs are at the heart of the
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