Entrepreneurs differ from managers because
a. they use innovation to gain advantage over their competitors.
b. managers use established managing styles; entrepreneurs do not.
c. entrepreneurs tend to take more risk than managers.
d. All of the above are correct.
d
Economics
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Of the following, pick the year the U.S. enjoyed a budget surplus
A) 1970 B) 1980 C) 1990 D) 2000 E) 2010
Economics
Dell and Gateway must decide whether to lower their prices, based on the potential economic profits shown in the payoff matrix above. (The profits are in millions of dollars). In the Nash equilibrium
A) Dell keeps its prices high and Gateway lowers its prices. B) both Dell and Gateway lower prices. C) Gateway keeps its prices high and Dell lowers its prices. D) both Dell and Gateway keep prices high.
Economics