There is strong evidence that entrepreneurs are characteristically:
a. driven by greed
b. overoptimistic
c. not good business people
d. satisfied with the status quo
b
Economics
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What is one reason it might be difficult to dissuade people from pirating music off the Internet?
A) Consumer surplus is very high when music is pirated. B) In general, consumers get a rush from "stealing." C) Consumers mistakenly believe that the Internet is public domain. D) Producer surplus is very low when music is pirated.
Economics
Refer to the above table. The total change in income resulting from the initial change in investment will be:
Answer the following question based on the table below which illustrates the multiplier process resulting from an autonomous increase in investment by $5.
A. $5
B. $10
C. $15
D. $20
Economics