Miguel is an entrepreneur considering starting a new business. He is aware of the risks involved but are also motivated by potential benefits. Which of the following choices best analyzes how both risks and rewards might influence Miguel's decision to pursue this path?(1 point) Responses The risks outweigh the benefits because a new business has a high chance of failure, making it unlikely that Miguel will experience personal satisfaction. The risks outweigh the benefits because a new business has a high chance of failure, making it unlikely that Miguel will experience personal satisfaction. The benefits are appealing because they guarantee wealth and happiness, making entrepreneurship a safe choice with minimal risk. The benefits are appealing because they guarantee wealth and happiness, making entrepreneurship a safe choice with minimal risk. The risks and benefits both play a role. Financial gain and personal satisfaction may motivate Miguel, even though he is aware that failure is possible. The risks and benefits both play a role. Financial gain and personal satisfaction may motivate Miguel, even though he is aware that failure is possible. The rewards of entrepreneurship are mostly limited to financial gain, so any personal satisfaction Miguel feels is unlikely to affect his decision. The rewards of entrepreneurship are mostly limited to financial gain, so any personal satisfaction Miguel feels is unlikely to affect his decision. Question 2 What is the relationship between households and businesses in the circular flow model? (1 point) Responses Households provide goods to businesses. Households provide goods to businesses. Businesses provide services to the government. Businesses provide services to the government. Households spend money on goods and services from businesses. Households spend money on goods and services from businesses. Businesses collect taxes from households.

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For the first question regarding Miguel's decision to start a business, the response that best analyzes how both risks and rewards might influence his decision is:

The risks and benefits both play a role. Financial gain and personal satisfaction may motivate Miguel, even though he is aware that failure is possible.

This choice acknowledges that while Miguel may recognize the risks involved in starting a business, the potential rewards, including financial gain and personal satisfaction, are also significant motivating factors for him.

For the second question about the relationship between households and businesses in the circular flow model, the most accurate response is:

Households spend money on goods and services from businesses.

This reflects the flow of money where households purchase goods and services produced by businesses, which is a fundamental component of the circular flow model in economics.

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Miguel is an entrepreneur considering starting a new business. He is aware of the risks involved but are also motivated by potential benefits. Which of the following choices best analyzes how both risks and rewards might influence Miguel's decision to pursue this path?(1 point) Responses The risks outweigh the benefits because a new business has a high chance of failure, making it unlikely that Miguel will experience personal satisfaction. The risks outweigh the benefits because a new business has a high chance of failure, making it unlikely that Miguel will experience personal satisfaction. The benefits are appealing because they guarantee wealth and happiness, making entrepreneurship a safe choice with minimal risk. The benefits are appealing because they guarantee wealth and happiness, making entrepreneurship a safe choice with minimal risk. The risks and benefits both play a role. Financial gain and personal satisfaction may motivate Miguel, even though he is aware that failure is possible. The risks and benefits both play a role. Financial gain and personal satisfaction may motivate Miguel, even though he is aware that failure is possible. The rewards of entrepreneurship are mostly limited to financial gain, so any personal satisfaction Miguel feels is unlikely to affect his decision. The rewards of entrepreneurship are mostly limited to financial gain, so any personal satisfaction Miguel feels is unlikely to affect his decision. Question 2 What is the relationship between households and businesses in the circular flow model? (1 point) Responses Households provide goods to businesses. Households provide goods to businesses. Businesses provide services to the government. Businesses provide services to the government. Households spend money on goods and services from businesses. Households spend money on goods and services from businesses. Businesses collect taxes from households.

1 answer

For the first question regarding Miguel's decision to start a business, the response that best analyzes how both risks and rewards might influence his decision is:

The risks and benefits both play a role. Financial gain and personal satisfaction may motivate Miguel, even though he is aware that failure is possible.

This choice acknowledges that while Miguel may recognize the risks involved in starting a business, the potential rewards, including financial gain and personal satisfaction, are also significant motivating factors for him.

For the second question about the relationship between households and businesses in the circular flow model, the most accurate response is:

Households spend money on goods and services from businesses.

This reflects the flow of money where households purchase goods and services produced by businesses, which is a fundamental component of the circular flow model in economics.

Ask a New Question or answer this question.

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