If an Economic Agent's Returns to Entrepreneurship Are Greater Than

question 56

Multiple Choice

If an economic agent's returns to entrepreneurship are greater than his opportunity cost of entrepreneurship,he will ________.

• A) most likely choose to be an entrepreneur
• B) most likely not choose to be an entrepreneur
• C) always make profits if he chooses to be an entrepreneur
• D) always incur losses if he chooses to be an entrepreneur

---

Definitions:

Discretionary Stakeholder

A party with a non-essential interest or stake in a project or business that can affect or be affected by its outcome but is not engaged in daily operations.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Urgent Claims

Demands or requests that require immediate attention or action due to their critical nature.

Nascent Entrepreneurs

Individuals who have set up a business they will own or co-own that is less than 3 months old and has not yet generated wages or salaries for the owners.