Which of the Following Entrepreneurs Was One of the Pioneers

question 33

Multiple Choice

Which of the following entrepreneurs was one of the pioneers of the biotechnology industry?

• A) Robert Noyce
• B) Arthur Blank
• C) Tim Nerners-Lee
• D) George Gendron
• E) Robert Swanson

Recognize the relationship between the price elasticity of demand and tax revenue generation.

Identify when a tax on goods is likely to be effective in both reducing consumption and generating revenue.

Understand that the impact of a tax on consumption can depend on the availability of substitutes.

Know the distinction between price elastic and price inelastic demand.