1. Dynamic models of entrepreneurship imply people do not smoothly transition between being an employee and running their own business, but rather respond to trigger points before switching. Explain this argument. (ch 2) 2. Outline some of the key determinants explaining why somebody becomes an entrepreneur. (ch 4) 3. How does a person's age and level of education create a tension influencing them becoming an entrepreneur even if they are capable of doing so? (ch 4) 4. Explain the concept of social capital and how it influences entrepreneurship. What are some key factors that would promote social capital? (ch 4) 5. What are the two different types of risk considerations for entrepreneurs? (ch 4)