Entrepreneurship Differs from the Other Factors of Production Because It

question 179

Multiple Choice

Entrepreneurship differs from the other factors of production because it

• A) is not real.
• B) is the most important.
• C) has only existed since the new economy of the 1990s.
• D) is not traded in a factor market.
• E) is not paid.

---

Definitions:

Mortgage

A mortgage is a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the borrower's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Remaining Balance

The total amount still owed on a debt or loan, not including current or future interest.

State Statute

A written law enacted by a state legislature governing matters within the state's jurisdiction.

Lien

A legal claim or right against a property as security for a debt or charge that must be paid when the property is sold.