In 2009 __________ agreed to pay $2.3 billion to settle civil and criminal allegations that it had illegally marketed its painkiller, Bextra.
Fill in the blank(s) with the appropriate word(s).
Pfizer
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Suppose there's an 80% chance of a stock rising by 20% and a 20% chance of it falling by 40%. Which type of investor would prefer an investment with a guaranteed return of 5%?
A) risk loving investor B) risk neutral investor C) risk averse investor D) risk is not relevant in this example
Accountants calculate __________ differently than do economists: a. Total revenue
b. Total costs. c. Profits. d. Both total costs and profits.
Which of the following is true?
a. The best distribution of income can be determined objectively. b. The transfer of income from one group to another is costly; it will generally reduce total output. c. Positive economics can determine the variation in incomes that would be best for an economy. d. The fairness of an income distribution is determined by its pattern (the measured degree of income inequality). e. All of the above are true.
The school of economic thought that recently has questioned a core belief among economists that people's actions are guided by rational, unemotional self-interest is the ______________ school.
Fill in the blank(s) with the appropriate word(s).