Multiple Choice
Seeking profits without producing anything
A) is called rent-seeking
B) is illegal
C) usually involves government
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.
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
Q30: If economic profits are negative<br>A)accounting profits can