Inflation and Stagflation (continued)

Question 1

Which characteristic of a successful entrepreneur does Edison exhibit in this quote?

Revolt · Accepted Answer

an ability to learn from mistakes and adapt to new knowledge

Question 2

There is a direct relationship between a high start-up rate and decreased .

Revolt · Accepted Answer

unemployment

Question 3

Which of these assumptions can an entrepreneur safely make when planning a start-up? Check all that apply.Setting up a business in a large city will guarantee its success.Customers exist for every product.It is important to have a thorough knowledge of the product.Thorough planning and sound strategy do not guarantee a business’s success.Raising funds is necessary but may involve personal risk.

Revolt · Accepted Answer

It is important to have a thorough knowledge of the product.; Thorough planning and sound strategy do not guarantee a business’s success.; Raising funds is necessary but may involve personal risk.

Question 4

The US government tries to adopt policies that entrepreneurship.

Revolt · Accepted Answer

encourage

Question 5

Successful entrepreneurship tax revenue for the government.

Revolt · Accepted Answer

increases

Inflation and Stagflation (continued) Answers

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