What Is One of the Main Reasons the Number of People

question 88

Multiple Choice

What is one of the main reasons the number of people starting businesses has decreased?

• A) a desire for more security
• B) difficulty obtaining financing
• C) a desire to avoid the stress of business ownership
• D) a desire for corporate benefits such as extended health insurance, vacation, etc.

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Definitions:

Marginal Rate

The marginal rate typically refers to the rate at which the next dollar of taxable income is taxed.

Substitution

The economic principle that as the price of a good or service increases, consumers are likely to replace it with a cheaper alternative.

Consumer

An individual or group that purchases goods and services for personal use.

Indifference Curves

A graphical representation showing combinations of two goods that give a consumer equal satisfaction and utility, reflecting preferences.