Two Resources Often in Short Supply for Entrepreneurs Are

question 85

Multiple Choice

Two resources often in short supply for entrepreneurs are:

• A)time and money.
• B)raw materials and labour.
• C)plant and equipment.
• D)financial backing and creative genius.

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Definitions:

Quantity Theory

An economic theory that proposes a direct relationship between the quantity of money in an economy and the level of prices of goods and services.

Doubled

Refers to an increase by 100% or a situation where a quantity has become twice as large.

Quantity Theory

The theory in economics that the quantity of money available in an economy is the major determinant of the economic activity level, prices, and inflation.

Crude Quantity

An initial, unrefined estimate of the amount or volume of a substance or material.