The following is an example of risk aversion
a. those applying for a well-paid job tend to be unqualified
b. more reckless drivers opt for cars with fewer safety devices
c. the contractor with the lowest bid for a is the most qualified
d. Initial Public Offerings (IPOs) seek investors when prospects look good
a
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Supply-side inflation is caused by
A) an increase in aggregate demand and no change in aggregate supply. B) a decrease in aggregate supply and no change in aggregate demand. C) a decrease in aggregate demand and no change in aggregate supply. D) an increase in aggregate supply and no change in aggregate demand.
A shoe manufacturer is producing at a point where its marginal costs are $5 and its fixed costs are $5000 . At the current price of $10 it is producing 500 pairs. If the demand goes down, such that they can now only charge $8 per pair, should they continue production in the short run?
a. No because price has fallen b. Yes because price is still higher than marginal costs c. No because price is lower than average cost d. Yes because price is higher than marginal costs
A worker repairing VHS cassette-tape players was laid off because most of his customers have started using DVD players. This worker is now:
What will be an ideal response?
A recent study found that currency unions _____ bilateral trade by _____ compared with floating regimes.
A) increased; 90% B) increased; 38% C) decreased; 10% D) decreased; 50%