Greg benefited from his experience working for an established private company that provided innovative lighting for large music venues. although confident that he could start his own lighting business, he had limited capital to buy the necessary equipment needed to successfully compete with established companies. which of the following strategies would best greg achieve his goal of business ownership?
a. begin by offering to take over management of his employer's business, allowing the owner to enjoy some leisure timeb. consider working for a major corporation, live modestly, and save until he has sufficient funds to start his businessc. enroll in the closest university and apply for student loansd. open his business and trust that his work experience will bring him success even with insufficient capital

Partnerships are the most common type of business firms in the world. t/f

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

You've arrived at the pecan shellers conference—your first networking opportunity. naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've decided to a. speak a little louder than you would normally. b. talk on your cell phone as you walk around. c. hold an empowered image of yourself in your mind. d. square your shoulders before entering the room.