Multiple Choice
Matt Newell, a former Air Force pilot, decides to operate a helicopter tour company to provide customers with breathtaking views of the Rocky Mountains.He obtains a loan to ensure that the necessary land, facilities, advertising, and five helicopters are available for his business.What important factor of production has he overlooked in creating his business?
A) equipment
B) capital
C) labor
D) entrepreneurship
E) natural resources
Correct Answer:
Verified
Correct Answer:
Verified
Q111: Adam Smith argued that the creation of
Q112: A local retailer calls its customers when
Q117: What led the way to a new
Q119: Explain how an entrepreneur could use the
Q120: All of the following are material resources
Q128: In a socialist economy, the key industries
Q160: A business provides goods and services in
Q182: _ is a loose, subjective measure of
Q201: The Hamel family owns and operates an
Q215: In our free-enterprise system, federal and state