Do All Valuable Items Have Price Tags

question 6

Multiple Choice

Do all valuable items have price tags?

• A)No, because some valuable items have no opportunity cost.
• B)Yes, because everything has its price.
• C)Yes, because price is the measure of opportunity cost.
• D)No, some have no explicit price on them.
• E)Yes, because only items that can be sold in markets have value.

Debunk myths about entrepreneurship, such as the necessity of wealth for success.

Understand the importance of risk-taking and innovation in entrepreneurship.

Recognize the role of ethical and social entrepreneurship.

Acknowledge the barriers to entrepreneurship for women and minorities.

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Definitions:

Foot-In-The-Door

A compliance tactic that involves getting a person to agree to a large request by first setting them up by agreeing to a modest request.

Indebtedness

The state of owing money or being under a moral obligation to repay a benefit or service received.

Reciprocity

denotes a mutual exchange of privileges or benefits between parties, often observed in social and economic contexts.

Persuasion

The process by which one person tries to change the belief, opinion, position, or course of action of another person through argument, pleading, or explanation.