Multiple Choice
If economic profits are negative
A) accounting profits can be positive.
B) accounting profits can be negative.
C) the cost of capital is not being covered.
D) all of these choices.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Entrepreneurs create destruction.
Q21: Entrepreneurs should always<br>A)be the first mover<br>B)have a
Q22: The entrepreneur is always searching for<br>A)positive profit.<br>B)normal
Q23: The market process is dynamic.
Q24: Stock is a form of<br>A)dividend.<br>B)debt.<br>C)equity.<br>D)lending.
Q25: The market process avoids creative destruction.
Q26: Seeking profits without producing anything<br>A)is called rent-seeking<br>B)is
Q27: In economics<br>A)costs are seen as all the
Q28: Managers and entrepreneurs are<br>A)the same.<br>B)different.<br>C)assume risk.<br>D)always stockholders.
Q29: It is sometime useful to view each