Entrepreneurs

question 3

Multiple Choice

Entrepreneurs

• A)create services, but not goods.
• B)increase trade by satisfying an unmet demand for a good or service.
• C)increase trade by increasing the transaction costs of making trades.
• D)create goods, but not services.

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Definitions:

Early Life Crises

Refers to critical events or periods of challenge and change commonly experienced in the early stages of life.

Early Childhood

A developmental period in children that spans from birth to around 8 years of age, characterized by rapid physical, cognitive, and social growth.

Middle Childhood

The developmental stage that spans from approximately 6 to 12 years of age, covering the elementary school years and characterized by significant cognitive, emotional, and social development.

Infancy

The period in a human's life from birth to 12 months old, characterized by rapid growth and development in physical, cognitive, and emotional domains.