Which of the following statements is most likely to be true regarding private ownership?
A. It reduces a nation's dynamism and its investments in innovation and creativity.
B. It is most commonly found in command economies.
C. It eliminates competitors and reduces pressure to lower production costs.
D. It gives entrepreneurs an incentive to search for better ways of serving consumer needs.
E. It is based on the philosophy that "the good of society is more important than the interests of an individual."
D
Private ownership ensures that entrepreneurs have a right to the profits generated by their own efforts. This gives entrepreneurs an incentive to search for better ways of serving consumer needs.
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Which of the following is the symbol for population mean?
A) ยต B) ? C) ? D) ? E) ?
Stock A has the following returns for various states of the economy:
State of the Economy Probability Stock A's Return Recession 9% -72% Below Average 16% -15% Average 51% 16% Above Average 14% 35% Boom 10% 85% Stock A's expected return is A) 13.8%. B) 9.9%. C) 12.7%. D) 16.5%.