According to the Text,the Goal of Any Small Business Owner

question 20

Multiple Choice

According to the text,the goal of any small business owner is to

• A)manage external relations in order to create social capital.
• B)make sure the customer knows about the details of its products.
• C)generate alternatives that could meet ethical,legal,and economic goals.
• D)to keep track of social and business contacts.

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Definitions:

Inflation Tax

The revenue the government raises by creating money

Deadweight Loss

The fall in total surplus that results from a market distortion, such as a tax.

Money-Supply Growth Rate

The rate at which the amount of money available in an economy grows, impacting inflation and economic activity.

Hyperinflations

denotes extremely high and typically accelerating inflation rates, often resulting in the rapid erosion of the real value of the local currency.