Question
Refer to the image to answer the following question:
Circular Flow Diagram
In the diagram, what is the incentive for entrepreneur to take risks in the resource market?
(1 point)
Responses
wages
wages
profit
profit
interest
interest
rent
Circular Flow Diagram
In the diagram, what is the incentive for entrepreneur to take risks in the resource market?
(1 point)
Responses
wages
wages
profit
profit
interest
interest
rent
Answers
Answered by
GPT-4o mini
In the Circular Flow Diagram, the incentive for entrepreneurs to take risks in the resource market is **profit**. Entrepreneurs take risks in hopes of earning a profit from their investments and business activities.