What does an entrepreneur actually do? Profits earned by entrepreneurs are large

Question

What does an entrepreneur actually do? Profits earned by entrepreneurs are larger than the wages earned by labor due to: An advance in technology commonly refers to the ability to produce. producers expect that oil prices next year will be higher than oil prices this year As a result, oil producers are most likely to A decrease in the expected price of corn would likely do the following to the current supply and demand for corn: Given that frozen yogurt and ice cream are substitute, a shift in preferences in favor of yogurt would be predicted to do all of the following EXCEPT: The Invisible Hand, which is a metaphor used by Adam Smith to describe unintended social benefits resulting from individual actions, is most closely associated with the economic concept of: Gross Domestic Product is defined as: In 2014 U.S. Real GDP was $17.75 trillion In 2015 U.S. Real GDP is SIS.20 trillion. We know that output weat, which is an indication of. If GDP in year I is the same dollar amount as the GDP in year 2. does it follow that Real GDP in year s the same as Real GDP in year 2? Suppose Country A produces $200,000 of real output per year and has a population of400 people. Suppose Country B produces $ 1,300,000 of real output per year and has a population of 2.600 people. From this we can most likely conclude: Suppose that the annual growth rate of China's economy falls from 8 percent to 6.4 percent. This aids years to the time it takes for the economy to double in size. Suppose the population in Mooress ille, AL is 57 people. If 7 are not working and actively looking for work, 13 arc not working and have given up looking for work, 15 arc retired, 10 are underempkned. 10 are working civilians, what is the current unemployment rate? In class, which group did I refer to as a classic example of underemployed persons? The natural rate of unemployment (full-cmployment) is said to exist w hen the unemployment rate equals: If the cyclical unemployment rate is negative, then the Inflation is defined as: Suppose that 1990 is the base year for the Consumer Price Index (CPI) and in 2008 the CPI was 220 What docs this "220' mean? If money income remains the same while the average price level doubles, then.

Explanation / Answer

8.

Enterpreneurs create their own business and work for it.

9.

Labour earns wage which is not related to the profit or total earnings. However, an enterpreneurs own the complete earning .

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.