Which of the following sentences about entrepreneurs stands true?
a. They tend to be risk-averse individuals.
b. They are more frequently found in societies that support social conformity.
c. They help achieve technological progress.
d. They are more frequently found in the local population of the developing countries.
e. They usually belong to the traditional elite class.
c
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Suppose someone is concerned that money spent on one children's program could be more effectively spent on another program. She is describing
A. opportunity cost. B. fixed cost. C. equilibrium. D. supply and demand.
If consumption expenditures are $600 million, spending on gross investment is $100 million, imports are $50 million, exports are $55 million, government spending on goods and services is $400 million, than GDP is
A. $1,105 million. B. $790 million. C. $905 million. D. $1,010 million.