Which of the following is true?
A) All of the above are true.
B) The parents of successful entrepreneurs almost always have at least a college education.
C) Successful entrepreneurs are good at discovering profitable opportunities that have been overlooked by others.
D) Entrepreneurs are under-represented among millionaires.
C) Successful entrepreneurs are good at discovering profitable opportunities that have been overlooked by others.
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As more units of an item are purchased, everything else equal, marginal satisfaction from consuming additional units will tend to
a. decrease at the same rate for all consumers. b. decrease but at different rates for different people. c. increase at the same rate for all consumers. d. increase but at a decreasing rate for all consumers.
The XYZ Corporation can make a real (inflation-adjusted) return on an investment of 9 percent. The nominal rate of interest is 13 percent and the rate of inflation is 7 percent. We can conclude that the:
A. investment will be profitable. B. investment will be unprofitable. C. real rate of interest is 4 percent. D. real rate of interest is 2 percent.