Which of the Following Explains Why Individuals Accept the Risks

question 38

Multiple Choice

Which of the following explains why individuals accept the risks of business ownership?

• A) The potential for learning how to be self-disciplined
• B) The sense of self-satisfaction and independence
• C) The challenge of seeking power
• D) The desire to work fewer hours

Recognize the role of equilibrium in determining market outcomes, including consumer and producer surpluses.

Identify the impact of externalities on market efficiency and the corresponding government interventions.

Understand the concept of allocative efficiency and how it is achieved in competitive markets.

Comprehend the implications of economic efficiency and external benefits for market outcomes.