When an Entrepreneur Like Bill Gates Makes $10 Billion Through

question 49

Multiple Choice

When an entrepreneur like Bill Gates makes $10 billion through creating and selling new products,

• A) there will be exactly $10 billion less for other individuals in the economy.
• B) the total size of the economic pie has been increased.
• C) there will be more than $10 billion in losses to other workers who lose their jobs.
• D) it is likely that the new products are not as good as other products that are available in the market.

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Definitions:

Supreme Court

The highest judicial body in a country, typically having the ultimate authority to adjudicate appeals and significant legal questions.

Procedural Due Process

A legal doctrine in the United States that requires government officials to follow fair procedures before depriving a person of life, liberty, or property.

Fair Hearing

An impartial and open hearing where both parties have the opportunity to present their case, evidence, and arguments before a decision is made.

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The fundamental and supreme law of a nation or state, establishing the framework for its government and the basic principles and laws that govern the society.