The role of the entrepreneur in an economy is to
A. Ensure full employment of labor.
B. Arrange bank financing for the owners of new businesses.
C. Bring the factors of production together and assume the risk of production.
D. Work with government planners to determine what goods are produced.
Answer: C
Economics
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Which of the following models do not believe that there exists a short run tradeoff between higher inflation and lower unemployment?
a. Keynesians b. monetarists c. new classical d. real business cycle e. none of the above
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