Answer:
C. Entrepreneur
Explanation:
An entrepreneur is a person who organizes, operates and takes risks for a new business venture. The entrepreneur brings together the various factors of production to produce goods or services.
some of the characteristics of a good entrepreneur are listed below
• Risk taker
• Creative
• Optimistic
• Self-confident
• Innovative
• Independent
• Effective communicator
• Hard working
Ben ability to focus on creating solution for customers shows that he is creative and innovative.
This is an example of "trade diversion".
Exchange redirection is a monetary term identified with global economic aspects in which exchange is occupied from a more productive exporter towards a less proficient one by the arrangement of free trade agreement. In a international trade circumstance, a business that can offer a lower cost item for importation into a specific nation has a tendency to make an exchange redirection far from another importer or nearby makers whose costs are higher for a comparative item.
B) causing your heart to wear out faster
Answer:
Falls by $100,000
Explanation:
In this question, we are asked to calculate and state what happens when demand for land falls and as a result, there is also a fall in rental rate.
Firstly, we cost the total of 1000 acres. The price of 1000 acres is simply the multiplication of the 1000 acres by the $500 unit price= 500 * 1,000 = $500,000
We now calculate the price or worth of the land when demand falls
This is mathematically equal to 400 * 1000 = $400,000
Now, the net economic rent fall would be $500,00 - $400,000 = $100,000
Hence, there would be a fall of $100,000 as the demand for land falls
