Some People Are More Likely Than Others to Recognize Opportunities

question 22

True/False

Some people are more likely than others to recognize opportunities because they have better access to certain kinds of information and they are able to utilize this information once they have it.

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Definitions:

Major League Baseball

A professional baseball organization that is the oldest of the four major professional sports leagues in the United States and Canada.

OPEC

The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates and unifies petroleum policies.

Output Market

The marketplace in which final goods or services are offered to consumers, businesses, and other entities.

Output Effect

A phenomenon where changes in price level influence the quantity of goods and services produced in an economy due to the alteration in profitability of goods sold.