A capitalist is a passive risk bearer.Group of answer choicesTrueFalse

The view that the entrepreneur is a risk taker who “buys at an uncertain price, therefore operating at a risk” was expressed by …?*1 pointJoseph A. SchumpeterRichard CantillonThomas EdisonFrank H. Knight

In this course, it has been claimed that capitalist firms invest capital first and foremost toGroup of answer choicesproduce more capital than they started with.provide more “use value” for society in generalcreate jobs and social stability within communitiesmitigate climate change.

The ability to exercise, realize, and impose one’s will/desires over things and people is known as:Group of answer choicesSocial CapitalPowerCapitalPrestige

A key element in capitalism is:Group of answer choicesa low standard of livingScratchindividual ownership of propertyScratchgovernment ownership of propertyScratchgovernment control of marketScratchcontinued growthScratch

All of the following are characteristics unique to the capitalistic or private enterprise system EXCEPT:Group of answer choicesprofitsScratchfree choicesScratcheconomies of scaleScratchownership of propertyScratchcompetitionScratch