Two relevance of entrepreneurship to Students include:
- Teaches them life skills.
- Gives them options after leaving school
<h3>What is the relevance of entrepreneurship to students?</h3>
Students should be taught entrepreneurship skills because it can teach them some important skills in life such as problem-solving and creative thinking.
It would also give them an extra avenue to earn an income while still in school and when they leave school.
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Answer:
These lost wages would be considered as opportunity cost
Explanation:
The lost wages would be considered as opportunity cost .
Opportunity cost is the value of the next best alternative forgone in favor of a decision. The decision of the entrepreneur to start a business of his own would mean forgoing the wages from his paid employment.
Hence, the lost wages of $50,000 becomes an opportunity cost to the decision.
These lost wages would be considered as opportunity cost
C is the point in the graph refers to the equilibrium price. Because the equilibrium demand and supply have produced this point, it is known as the equilibrium price.
<h3>What is equilibrium?</h3>
Economic equilibrium is the set of economic variables that drives the economy, such as supply and demand. The term "economic equilibrium" can be used to a variety of variables, including interest rates and total consumer expenditure.
C point refers as equilibrium price produced by the demand and supply mention on X and Y axis respectively.
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Answer:
Gather the information you need, open an account online or in person. Sumit an application.
Explanation:
Gather the information you need to open an account: government-issued identification (a driver's license number, military ID, or other ID), your Social Security number, and a mailing address. Open an account online or in person by submitting an application. Fund the account with an initial deposit if required
It is <u>False</u> that in Cochabamba, Bolivia, the informal economy is a small but important sector of the overall economy.
This is because the informal economy in Cochabamba is widespread in the street.
However, because they don't pay taxes or report earnings, it is hard to conclude that it is an important sector of the overall economy.
Also, since the statistics of the informal economy of Cochabamba do not reflect on the Bolivia general economy, the statement is considered False,
Hence, in this case, it is concluded that the correct answer is False.
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