All of the following statements are true about entrepreneurship except:
A. The entrepreneur assembles needed resources.
B. The entrepreneur risks her or his own money.
C. The entrepreneur reaps the profits or suffers the losses of the enterprise he or she creates.
D. The term entrepreneur is synonymous with the term inventor.
D. The term entrepreneur is synonymous with the term inventor.
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When the Federal Reserve extends a discount loan to a bank, the monetary base ________ and reserves ________
A) remains unchanged; decrease B) remains unchanged; increase C) increases; increase D) increases; remain unchanged
Which of the following is an accurate comparison between personal income (PI) and disposable personal income (DPI)?
a. DPI is more than PI. b. DPI is less than PI. c. DPI is equal to PI. d. DPI is more than PI at times and less than PI at times.