If people expect to have the profits from correct decisions confiscated but do not expect to be compensated for the losses from incorrect decisions, they will
A) attempt to maximize risk.
B) only make choices when the outcomes are absolutely certain.
C) try to do what most others are doing.
D) undertake longer-range projects more frequently.
C
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Money is any commodity or token that
A) is naturally accepted by households to accumulate wealth. B) is backed up and controlled by the government. C) does not change in value over time. D) is generally accepted as a means of payment. E) is backed by gold.
What is meant by direct regulation of pollution emissions? What is the problem with this method of pollution control?
What will be an ideal response?
Which of the following restricts the volume of international trade?
a. quotas b. well-enforced property rights c. a stable international monetary framework d. an increase in the rate of economic growth
To evaluate the potential impact of introducing the hybrid Prius auto into the U.S. market, Toyota Motor Corporation would use:
What will be an ideal response?