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Mark and Charles Are Roommates at College

question 22

Multiple Choice

Mark and Charles are roommates at college.Each has written a 25-page term paper for the same English class.They are equally poor typists.Charles types his own paper and gets paid by Mark to type his, too.Which statement best describes Mark and Charles's behaviours from an economic perspective?  


Definitions:

Innovative Ideas

Fresh, creative concepts that have the potential to lead to new products, services, or ways of doing business, offering competitive advantages.

Business World

The global environment comprising all fields of commerce and trade, where businesses operate and interact.

Internal Locus of Control

The belief that one's actions and decisions directly affect the outcomes and successes in their life, as opposed to external forces.

Entrepreneurs

Individuals who initiate, manage, and take on the risks of a business or enterprise.

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