Question

Despite the U.S. economic crisis of 2008, research suggests that: a. upcoming regulations will look toward eliminating enforceable contracts. b. the government will most likely increase the federal tax rate, both for individuals and businesses. c. most budding entrepreneurs still plan to launch their firms in the next three years. d. housing prices are still likely to reach a record high.

Answer 1

Answer: C (Most budding entrepreneurs still plan to launch their firms in the next three years)

Rationale: After the 2008 U.S. crisis ,the government took active steps in order to decrease the risks of starting and running a business. The outcome of this initiative was free enterprise and fair competition flourish. Therefore despite the economic crisis of 2008, researchers suggested that most budding entrepreneurs will take advantage of this step and would still plan to launch their firms in the next three years.