Entrepreneurs

question 119

Multiple Choice

Entrepreneurs

• A) include everyone engaged in R&D work.
• B) are located in small enterprises only.
• C) differ from other innovators because of the risks entrepreneurs must bear.
• D) work exclusively in government and university R&D laboratories.

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Definitions:

Inferior Good

A type of good whose demand decreases as the income of the consumer increases.

Instant Noodles

Pre-cooked and dried noodle block, typically sold with a packet of flavoring powder and/or seasoning oil, intended for quick preparation.

Chili Peppers

Fruits of plants belonging to the genus Capsicum, used worldwide to add heat and flavor to dishes.

Normal Goods

Goods for which demand increases as the income of the consumer increases, and vice versa.