Two years ago, Ahmed opened a Middle Eastern restaurant in town. It was an overnight success, with lines out the door every night. So Ahmed was furious when Nasim opened a similar restaurant across the street
He wants to sue, but in opening a similar restaurant across the street, Nasim is only exercising a basic capitalist right. Which one?
A) to own property
B) to compete
C) to free choice
D) to seller sovereignty
E) to make and keep profits
Answer: B
Explanation: B) Under capitalism, a person has the right to go into the marketplace and compete with other businesses according to his or her best judgment and skills.
You might also like to view...
In a simple contract made by an authorized agent on behalf of a disclosed principal, the third person may sue either the agent or the principal in the event of a breach
Indicate whether the statement is true or false
Steve Brickson currently has an investment portfolio that contains four stocks with a total value equal to $80,000. The portfolio has a beta (? ) equal to 1.4. Steve wants to invest an additional $20,000 in a stock that has ? = 2.4. After Steve adds the new stock to his portfolio, what will be the portfolio's beta?
A) 1.6 B) 1.9 C) 2.0 D) Not enough information is given to compute the portfolio's beta (?). E) None of the above is correct.