Which of the Following Traits Act to Enhance Entrepreneurship

question 34

Multiple Choice

Which of the following traits act to enhance entrepreneurship?

• A)Cunning and guile.
• B)Creativity and initiative.
• C)Shrewdness and the ability to lie with a straight face.
• D)Personality and the ability to spend money lavishly.

---

Definitions:

Marginal Expenditure Curve

A graph that shows the additional cost of purchasing one more unit of a good or service.

Labor Supply Curve

The graphical representation of the relationship between different levels of wage and the quantity of labor willing to be supplied.

Monopsony

A market situation where there is only one buyer facing many sellers.

Economic Rent

Earnings exceeding the minimum amount required to keep a factor of production in its current use.