Entrepreneurs help the nation by creating new and unique businesses (which can increase profit and employment), they add to national income, and they create social change.
C. Opening a bank.
Because your opening up an bank account, therefore you not using any kind of money, or credit. UNTIL you put something inside the account.
Answer:
Probability (at least one bottle neck occurs during 8 hours of operation)
= 0.9817
Explanation:
Given:
Average bottleneck 1 hour = 0.5
Find:
Probability (at least one bottle neck occurs during 8 hours of operation)
Computation:
Expected events in 8 hour = 8(0.5)
Expected events in 8 hour = 4
Probability (at least one bottle neck occurs during 8 hours of operation) = p(X≥1)
Probability (at least one bottle neck occurs during 8 hours of operation) = 1-p(X=0)
Probability (at least one bottle neck occurs during 8 hours of operation) =1-exp(-4)[4⁰]/0!
Probability (at least one bottle neck occurs during 8 hours of operation) =1-0.0183
Probability (at least one bottle neck occurs during 8 hours of operation)
= 0.9817
Answer:
C. A taxi cab driver in New York City obtains a license to legally provide transportation in New York City.
Explanation:
Barrier to Entry refer to ownership rights, which restrict the other to use the associated good or service.
C) A Taxi cab driver in New York City obtains a license to legally provide transportation in New York City : Is just a permit for the driver, allowing him to provide transportation services, as per required legal mandates. It doesn't exclude others from owing those rights, from getting a similar license. So, it is not a Barrier to Trade.
A) The Mining company land rights gives exclusive corresponding deposit rights to them only, excludes other from its usage. B) The chemist having patent rights excludes others from using its technique. So, these are Barriers to Trade.