Which of the following is a characteristic of entrepreneurship?
a. the ability to navigate bodies of water
b. it is produced using physical capital
c. it is used up quickly in the production process
d. it is a pre-existing resource like land
e. it is associated with risk taking and innovation
E
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Direct income transfers account for approximately what percentage of total government spending?
a. 10 percent b. 30 percent c. 50 percent d. 60 percent
If there is a surplus of loanable funds
a. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is above equilibrium. b. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is below equilibrium. c. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium. d. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is below equilibrium.