If an economic agent's returns to entrepreneurship is greater than his opportunity cost of entrepreneurship:
A) he will always make losses if he chooses to be an entrepreneur.
B) he will most likely not choose to be an entrepreneur.
C) he will always make profits if he chooses to be an entrepreneur.
D) he will most likely choose to be an entrepreneur.
Question 2
Suppose the government cracks down on illegal immigration. How will this affect the demand and supply of labor.
What will be an ideal response?