Entrepreneurs:
A. include everyone engaged in R&D work.
B. are located in small enterprises only.
C. differ from other innovators because of the risks entrepreneurs must bear.
D. work exclusively in government and university R&D laboratories.
Answer: C
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The inflation rate in Venezuela has increased between 2005 and 2010, rising from 14 percent per year to 31 percent per year. At the same time, the growth rate of real GDP fell from 10 percent per year to -2.6 percent per year
The quantity theory of money A) states that the inflation rate over the period would average 4 percent. B) predicts that the velocity of money will decrease over the period. C) states that the growth rate of money must have increased over the period. D) predicts that nominal GDP will decrease over the period.
All of the following are types of finance companies EXCEPT
A) government finance. B) consumer finance. C) sales finance. D) business finance.