Which of the following are examples of involuntary risks?
a. skydiving d. (b) and (c) only
b. mountain climbing e. none of the above
c. being exposed to secondhand smoke
c. being exposed to secondhand smoke
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If the absolute value of the price elasticity of demand for a good is .75, the demand for that good is described as
A. inferior. B. normal. C. inelastic. D. elastic.
The physical and mental effort people use to produce goods and services is a description of which factor of production?
A) physical capital B) labor C) entrepreneurship D) human capital
The Latin expression ceteris paribus means
a. everything else being equal b. economic model c. partially correct d. certainty e. certain particulars
IMF conditionality refers to the
A) technical assistance the IMF gives. B) minimum-sized loan the IMF will make. C) maximum-sized loan the IMF will make. D) changes a country must make in order to receive IMF financial assistance.