Question

why are entrepreneurs important in a free market economy?
entrepreneurs do not pay taxes
entrepreneurs help define the seven social and economic goals
entrepreneurs start new businesses
entrepreneurs pay high wages to their employees

productivity is defined as_________.
work that is performed for someone.
an item that is economically useful or satisfies an economic want.
location or other mechanism that allows buyers and sellers to exchange a certain product.
a measure of the amount of output produced by a given amount of inputs in a specific period of time.

Explanation:

1. For the first question: Entrepreneurs drive free market economies by launching new businesses, which creates jobs, introduces competition, and fuels economic growth. The other options are incorrect: entrepreneurs do pay taxes, they do not define core social-economic goals, and they do not universally pay high wages.
2. For the second question: Productivity specifically measures the efficiency of production by comparing output to the inputs used to create it. The other options describe services, goods, and markets respectively, not productivity.

Answer:

1. entrepreneurs start new businesses
2. a measure of the amount of output produced by a given amount of inputs in a specific period of time.