An entrepreneur is a person who does all of the following except
A. always makes a profit.
B. organizes and manages a firm.
C. assumes the risk of a firm.
D. turns a new idea or product into a business.
Answer: A
Economics
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Which of the following is an example of labor income?
A) Dividend received by shareholder B) Profit earned by an entrepreneur C) Rent paid to a landlord D) Bonus paid to a worker
Economics
Which of the following is NOT an obstacle to increased international economic integration?
A) Monopoly powers given to domestic companies of individual nations B) High tariff rates imposed by industrialized nations C) Health and safety standard requirements D) Labor and environmental standard requirements E) Income disparities among and within trading partners
Economics