Which of the following makes someone an entrepreneur?
a) earning a lot of money as a computer programmer
b) becoming a highly paid dancer
c) running a service that hires people to install sprinkler systems in lawns
d) inventing and selling the rights to manufacture a computer game
Ans: d) inventing and selling the rights to manufacture a computer game
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A decrease in the money supply would cause the IS curve to ________ and the LM curve to ________
A) shift down and to the left; be unchanged B) shift down and to the left; shift up and to the left C) be unchanged; shift up and to the left D) be unchanged; shift down and to the right
The assumption of asymmetric information means that
A) borrowers and lenders have the same information. B) borrowers and lenders have perfect information. C) borrowers know more than lenders. D) lenders know more than borrowers.