An implication of the return-to-entrepreneurship curve is that:
A) for a relatively lower return, there will be more entrepreneurs with at least that return.
B) all entrepreneurs in an economy with inclusive institutions have exactly the same return.
C) all entrepreneurs in an economy with extractive institutions have exactly the same return.
D) for a relatively lower return, there will be fewer entrepreneurs with at least that return.
A
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All of the following are examples of electronic funds EXCEPT
A) credit cards. B) debit cards. C) stored value cards. D) e-cash.
To be economically successful, the entrepreneur must
a. combine resources in a manner that increases their value. b. produce a good that consumers value less than the resources used to produce it. c. use only personal financial capital to avoid the interest payments that would have to be paid if the money is borrowed from the bank. d. transform or rearrange resources to maximize the entrepreneur's cost of production.