An entrepreneur is a(n):
A. individual who has much education.
B. organizer who seeks profitable opportunities and is willing to accept risks.
C. business organization that uses inputs to produce output.
D. depot or warehouse for commercial products.
Answer: B
Economics
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In a persisting demand-pull inflation,
A) aggregate supply decreases and aggregate demand increases. B) aggregate demand decreases and aggregate supply decreases. C) aggregate demand increases and potential GDP decreases. D) aggregate supply increases and aggregate demand increases. E) None of the above answers is correct.
Economics
Refer to Figure 9-4. Suppose the government allows imports of leather footwear into the United States. What will be the quantity of imports?
A) Q0 B) Q1 C) Q2 D) Q2 - Q0
Economics