Seeking profits without producing anything
A) is called rent-seeking
B) is illegal
C) usually involves government
D) all of these choices
Correct Answer:
Verified
Q1: Generally, microeconomics
A)has little to say about the
Q2: If economic profits are negative
A)accounting profits can
Q4: It is always the best strategy to
A)not
Q5: To Schumpeter, the market process is called
A)dynamic
Q6: In economics
A)costs are seen as all the
Q7: Managers and entrepreneurs are
A)the same.
B)different.
C)assume risk.
D)always stockholders.
Q8: If economic profits are zero
A)accounting profits is
Q9: The _ is at the center of
Q10: Stock is a form of
A)dividend.
B)debt.
C)equity.
D)lending.
Q11: The entrepreneur is always searching for
A)positive profit.
B)normal
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