Entrepreneurship is
A. restricted to perfect competition.
B. occurs only in well-functioning markets.
C. the process of planting new crops.
D. the process of taking business risks.
Answer: D
Economics
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Anything that has alternative uses has an opportunity cost and is, therefore, scarce.
a. true b. false
Economics
One effect of government mandating participation in the auto insurance market is it leads to:
A. lower premiums for all participants. B. the collapse of the market. C. higher premiums for all participants. D. free coverage for some participants.
Economics