What Is the Primary Reason That Individuals Are Willing to Pay

question 145

Multiple Choice

What is the primary reason that individuals are willing to pay entrepreneurs to organize production?  

• A) because individuals have to guarantee that the entrepreneurs will make a profit 
• B) because individuals avoid taxation when activities are organized by someone else 
• C) because it is better for entrepreneurial businesses to pay taxes than for individuals to pay taxes 
• D) because entrepreneurs have lower transaction costs than individuals

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Anthropomorphism

The attribution of human traits, emotions, or intentions to non-human entities, including animals, natural phenomena, or objects.

Moral Judgments

Evaluations or decisions made based on the principles of right and wrong behavior.

Justice

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A stage in Erik Erikson's theory of psychosocial development where an infant learns to trust their caregivers or develops mistrust depending on their care.