ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 13, Problem 5.10P
To determine
The ways in which an economy is affected by the actions of entrepreneurs.
Concept Introduction:
Entrepreneur creates businesses and new businesses create jobs, strengthen market competition and increase productivity. These are some brief advantages of entrepreneurship.
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Question-2) What is the name of the
ideas that can be transformed into
products and services that will provide
value to the customer, profit to the
entrepreneur, benefit to the society.
a) Creativity
b) Business idea
c) Innovation
d) Innovation
e) Entrepreneurship
Subject: ( Enterprenurship )
Define SMEs.
Also write down Financial and marketing problems of SMEs.
(Corporate values) help a company determine
A-how to behave with its employees , shareholders , and the wide •
B- what is important for the company's reputation .
C- where to sell its products or services . D- the types of products or services to offer .
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- (Economic Systems) The United States is best described as having a "mixed" economy . What are some elements of command in the U.S. economy? What are some traditional elements?arrow_forwardQUESTION 1 Productivity refers to the quantity of goods and services that a worker can produce for each hour of work. True Falsearrow_forward(Answer in short) 3. What are different innovation concepts which have been unified by the Unified theory of innovation? Segment a typical market within the context in detecting and strategizing disruptive innovation opportunity. 4. Answer following two questions. a. Why are not innovations benign? b. Why are innovations more than Eureka moment?arrow_forward
- Accounting 4. (a) International trade makes all the consumers, the producers and the country better off. Why or why not? (b) Tarif on imports makes every one worse off. Èxplain. (c) Are the workers in a poorer nation better off or worse off when the poorer nation trades with the US? What about the workers in the US? this is microeconomicsarrow_forwardPRe TEST: Situation Analysis ( Essay) 1. If you were to start a business, would you have to search for an idea, or do you already have an idea to try? Explain. 2. Why would small business ownership have great appeal to immigrants, women, and minorities? 3. How would you go about deciding whether you wanted to start a business from scratch, buy an existing business, or buy a franchise? 4. Many entrepreneurs say they did a little planning, perhaps scratching notes on a legal pad. How is it possible for them to succeed? 5. Do you think entreprenurs who launched a new business after deciding to leave a job on their own versus those who have been forced to leave a job as a result of downsizing are likely to have different traits? Which group is more likely to succeed?arrow_forward16arrow_forward
- 27- Which of the following statements is not a factor of production? a) Soil B) Entrepreneur NS) Snow D) Work TO) Capitalarrow_forwardUnemployment benefits are subject to income taxes. They are not (by default) subject to withholding, or to payroll taxes. Suppose that a particular worker is subject to a payroll tax of 7.65% of her wages; that she pays an average income tax rate of 10%; and that after losing her job, she is eligible to receive 60% of her previous weekly income. (Show Work) (a) What fraction of her take-home paycheck will she receive from unemployment insurance? (b) What effect does the tax treatment of unemployment insurance benefits have on the ability it provides its recipients for smoothing? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardQuestion 5 Year Economic Growth (%) 2010 2011 2012 2013 2014 2015 2.7 1.7 1.3 2.7 2.5 1.9 Unemployment (%) 9.6 8.9 8.1 7.4 6.2 5.3 Examine the data on the economic growth and unemployment rate for 2010-2015 What trends do you observe in the unemployment rate? In economic growth? Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to support your answer. (1) (ii) (iii)arrow_forward
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