If Shaniq is a risk averse, then
A) her cost of risk exceeds $0.
B) she has diminishing marginal utility of wealth.
C) she is willing to buy insurance if the cost of insurance is low enough.
D) all of the above.
D
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The Taylor rule says that the fed funds rate target is a function of all of the following, except
A) the actual inflation rate. B) the target inflation rate. C) the percentage difference between actual and potential real GDP. D) the level of borrowed reserves.
Using the concepts of aggregate demand and aggregate supply, explain how the economy reaches an equilibrium level of real GDP and price level
If A is preferred to B and C is preferred to D, then B must be preferred to C to satisfy transitivity
a. True b. False Indicate whether the statement is true or false
If adopted by a firm, a labor-augmenting piece of technology is one that would:
A. increase labor supply. B. decrease labor demand. C. decrease labor supply. D. increase labor demand.