ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Use the information to answer the question.Isabel owns and manages Isabela’s Ironworks, a small iron refinery in Pará, Brazil. She built her refiner in Pará, Brazil. She built her refinery in Pará because much of Brazil’s iron ore is mined in that state. Knowing that demand for iron would increase once the construction of new stadiums for the 2016 Rio Olympics began, in 2014 Isabela purchased two new blast furnaces capable of refining iron ore. In order to pay for the furnaces, Isabela took out a business loan backed by her own personal property as well as the refinery’s property.Is Isabela an entrepreneur in this situation? Why or why not?
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She is not an entrepreneur because she did not invent the product that her business produces.
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She is not an entrepreneur because she took out a loan to pay for the furnaces instead of using her own money.
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She is an entrepreneur because she worked hard to produce a good that is necessary for the national economy of Brazil.
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She is an entrepreneur because she developed a new business and accepted the risk associated with the business venture.
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Explanation:
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