When insurance companies offer fair insurance,
A) risk-averse agents always purchase it.
B) risk-neutral agents never purchase it.
C) risk-loving agents always purchase it.
D) nobody would purchase fair insurance.
A
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The slope of the budget line
A. always equals 1. B. equals income divided by price. C. equals the ratio of the prices. D. decreases as we move from left to right.
What does it mean for an investment bank conducts a "road show"?
A) It involves an investment bank marketing its services to firms considering new issues. B) It is when an investment bank goes to the SEC to seek approval for a new issue. C) It is when firms seeking an underwriter consider alternative investment banks. D) It involves visits to institutional investors who might want to buy the security issue.
Managers of profit centers usually have
a. A lot of discretion over decisions b. Most of their decisions overseen by corporate executives c. No discretion over decisions d. Given excessively high bonuses
Wage differentials between groups can occur as a result of
a. job market discrimination and premarket discrimination only b. differences in education, job experience, and geographic location only c. job market discrimination and differences in education and job experience only d. premarket discrimination and differences in geographic location only e. premarket discrimination, job market discrimination, and differences in education, job experience, and geographic location