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Author Question: Which of the following statements about an entrepreneur is false? A) An entrepreneur sells his ... (Read 257 times)

rl

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Which of the following statements about an entrepreneur is false?
 
  A) An entrepreneur sells his entrepreneurial services in the output market.
  B) An entrepreneur develops the vision for the firm and funds the producing unit.
  C) An entrepreneur risks the personal funds provided.
  D) An entrepreneur organizes the other factors of production into a working unit.

Question 2

When the government taxes a good or service, it
 
  A) increases consumer surplus for the good or service.
  B) increases producer surplus for the good or service.
  C) eliminates the deadweight loss associated with the good or service.
  D) affects the market equilibrium for that good or service.


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lindahyatt42

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