The individual who brings together economic resources and assumes the risk in a

The individual who brings together economic resources

This preview shows page 33 - 36 out of 83 pages.

63. The individual who brings together economic resources and assumes the risk in a capitalist economy is called the: A. manager.B.entrepreneur.C. stockbroker.D. banker.AACSB: AnalyticBloom's: KnowledgeLearning Objective: 1-4Level: EasyTopic: Society's economic problem64. Which would not be considered as capital (or an economic resource) by an economist? AACSB: AnalyticBloom's: KnowledgeLearning Objective: 1-4Level: DifficultTopic: Society's economic problem65. Which is not considered to be an economic resource? AACSB: AnalyticBloom's: KnowledgeLearning Objective: 1-4Level: EasyTopic: Society's economic problem1-33
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Chapter 01 - Limits, Alternatives, and Choices66. Economic resources in the capitalist system are brought together by: AACSB: AnalyticBloom's: KnowledgeLearning Objective: 1-4Level: DifficultTopic: Society's economic problem67. Money is not considered to be an economic resource because: A.as such it is not productive.B. money is not a free gift of nature.C. the terms of trade can be determined in nonmonetary terms.D. idle money balances do not earn interest income.AACSB: AnalyticBloom's: KnowledgeLearning Objective: 1-4Level: ModerateTopic: Society's economic problem68. Which is a factor of production? AACSB: AnalyticBloom's: KnowledgeLearning Objective: 1-4Level: EasyTopic: Society's economic problem1-34
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Chapter 01 - Limits, Alternatives, and Choices69. Which is considered to be an economic resource by economists? AACSB: AnalyticBloom's: KnowledgeLearning Objective: 1-4Level: EasyTopic: Society's economic problem70. Society wants to use its scarce resources efficiently. To achieve this economic goal it must: AACSB: AnalyticBloom's: KnowledgeLearning Objective: 1-5Level: ModerateTopic: Production possibility model
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  • Spring '12
  • Economics, AACSB, Production Possibility Model

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