What motivates the actions of entrepreneurs in markets?
A) profits.
B) cost savings.
C) revenue.
D) prestige.
Correct Answer:
Verified
Q11: All the costs of a transaction are
Q14: Allocation schemes can be based on
A)prices.
B)randomness.
C)government decisions.
D)all
Q15: The fundamental economic problem faced by individuals
Q16: Data suggest that which of the following
Q16: With economies of scale came
A)larger families.
B)simpler business
Q17: Prior to 1840, most businesses were
A)family-owned.
B)corporate in
Q20: Economists argue that which allocation scheme leads
Q21: The ownership of property is not related
Q22: Comparative advantage and relative opportunity costs are
Q23: Monopoly is represented by a single seller.
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