Entrepreneurs develop new goods and services to start a business. why is entrepreneurship often difficult?
a) there is a risk that the new business may fail.
b) there are laws that restrict most new businesses.
c) motivation for profit may not be the best incentive.
d) healthy competition encourages higher quality products.

The correct answer is A.

Starting a new business, as any investment project, entails a certain level of risk. Even tough an entrepeneur is able to develop a product that he believes would be attractive for consumers, there are many aspects that should be examined before deciding to start a business: market environment (number of competitors, elasticity of the demand, profits obtained in the industry), or inner factors (type of technology needed, how to produce efficiently, human resources policies, etc).

Even tough many things can be studied and plans and strategies need to be defined, there are factors which are unpredictable and can lead a firm to bankruptcy: a global economic crisis starts, there is a rise in input prices, there is a sharp decline of the demand on the product, etc. This uncertainty (risk) makes entrepeneurship highly volatile, very large profits can be earned but also heavy losses can be incurred.

c it says nothing about connecting those 2 seas.

the correct answer is a) he thought the government’s military action was a mistake.

the whiskey rebellion was a tax protest in the us that started in 1791 and ended in 1974. it has this name because the whiskey tax was the first tax that was imposed on a domestic product by the new federal government.

jefferson was against the government’s military action because he believed that the purpose of the government was to protect the unalienable rights of its citizens and that these rights include life, liberty, and the pursuit of happiness and he thought that people had the constitutional right to rebel. he has said: “the first error was to pass it (the whiskey tax); the second was to enforce it; and the third, to make it the means of splitting this union.”

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