Which of the following is not a main function of the entrepreneur?
A. To make routine pricing decisions.
B. To innovate.
C. To assume the risk of economic losses.
D. To make strategic business decisions.
Answer: A
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The demand curve for bonds has the usual downward slope, indicating that at ________ prices of the bond, everything else equal, the ________ is higher
A) higher; demand B) higher; quantity demanded C) lower; demand D) lower; quantity demanded
All of the following are examples of product differentiation except one. Which is the exception?
a. developing a new video game or a computer program called "How to Teach Your New Dog Old Tricks" b. manufacturing a car that minimizes outside noise relative to other cars c. lowering the price of a good in a special sale d. providing movies and special meals on airline flights e. making sodium-free, caffeine-free colas