If Cara's utility falls more by losing $600 than it rises by gaining $600, she has
a. increasing marginal utility of wealth and is risk averse.
b. increasing marginal utility of wealth but is not risk averse.
c. decreasing marginal utility of wealth and is risk averse.
d. decreasing marginal utility of wealth but is not risk averse.
c
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The higher the world price above the domestic no-trade equilibrium, the lesser the quantity of a good exported by a country
a. True b. False Indicate whether the statement is true or false
Macroeconomists would be most likely to study which of the following?
A. average annual earnings of self-employed workers B. average annual earnings of all employed workers in the United States C. average annual earnings of doctors D. average annual earnings of lawyers
When TR is increasing as a monopolist's output increases
A) MR is negative. B) MR is positive. C) MR = 0. D) MR may be positive or negative.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point E to Point A, the opportunity cost of hybrid cars, measured in terms of motorcycles
A. increases. B. initially increases, then decreases. C. decreases. D. remains constant.