8. True False.
The command system is the best economic system for entrepreneurs.
9. True
False People play the central role in an economy.
10. True False
Consumers buy more of a product when its price is low.
11. True False
The supply and demand curve is a tool used by entrepreneurs,
12. True False Suppliers often charge higher prices when demand is low.
13. True False.
The profit motive encourages entrepreneurs to start businesses.
14. True False
Earning a profit is the only reason that people start businesses.
15. True False
Non-profit organizations are not allowed to make a profit.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “8. True False. The command system is the best economic system for entrepreneurs. 9. True False People play the central role in an economy. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which workers are required to handle money as part of their job qualifications? A) casino and hotel clerks B) chefs and bartenders C) tour guides and travel agents D) maids and hostesses
Answers (2)
Which product's supply could be elastic in the short run? a. large handmade pizzas c. large diamonds b. large handmade rugs d. large jet airplanes
Answers (1)
A business which sells goods to the consumer is known as a
Answers (1)
An asset was purchased for $36,000 on January 1, 2016. The asset's estimated useful life was five years, and its residual value was $4,000. The straight-line method of depreciation was used.
Answers (1)
During the current year, merchandise is sold for $137,500 cash and $425,600 on account. the cost of the merchandise sold is $322,325. what is the amount of the gross profit?
Answers (1)
New Questions in Business
Which education savings plan can be used for the K through 12 expenses as well as post secondary expanses
Answers (2)
What is a progressive income tax? a. Tax rate remains the same regardless of income. c. the average tax rate goes up when income goes up. b. The average tax rate goes down when income goes up. d. A tax that is measured at the margin.
Answers (2)
In the market for used cars, the demand and supply equations are given by qd = 12,000 - 0.4p and qs = 0.1p + 5,000, where p is the price per car and q measures the quantity of cars. what happens at a price floor of $20,000?
Answers (1)
2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39.
Answers (1)
An economic system: A. requires a grouping of private markets linked to one another. B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem. C.
Answers (1)