Ernie and Bert want to start their own business on Highway 95 in Florida. It will be an alligator wrestling farm. To get investors, they run ads in local newspapers looking for investors for the business. Several people respond to the ad and the investors' money is put into the business. The plan is for Ernie and Bert to run the business and then split the profit with the investors. What legal problems do Bert and Ernie have potentially with this form of soliciting investors

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answerpublic goods;

yes the correct answer was

b.the increased supply will create a surplus.