Author A accepts a $5,000 advance from a publisher and a 10% royalty after 5,000 books are sold. Author B foregoes the publisher's advance and negotiates for a 15% royalty on all books sold
Author C decides to self-publish his book and keep 100% of all sales revenue. In what order of risk aversion (from most to least) would you rank these authors? A) Author A, Author B, Author C
B) Author A, Author C, Author B
C) Author B, Author A, Author C
D) Author C, Author B, Author A
A
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Which of the following is the most accurate description of the US between 1880 and 1920?
a. The United States became the leading manufacturer in the world in terms of total production and output per worker. b. The quality of manufactured goods dropped c. American families bought fewer finished products, and instead saved money by increasingly buying materials and building things at home. d. No advertising was used because TV and radio had not yet been invented.
In June 2009 the Bureau of Labor Statistics reported an adult population of 234.9 million, a labor force of 154 million and employment of 141.6 million. Based on these numbers the unemployment rate was
a. 93.3/234.9. b. 12.4/234.9. c. 93.3/154. d. 12.4/154.
Which of the following is not an implication of hardwired heuristics?
A. Getting people to make positive behavioral changes is about putting them in situations where heuristics kick in and lead them to the desired outcome. B. Getting people to make better decisions is simply a matter of providing more information and more options. C. People who know and understand hardwired tendencies of others can take advantage of situations. D. Even when confronted with irrefutable information that a behavior is detrimental, people still may not change what they're doing.
Which of the following markets has the most restrictive geographic boundary?
A The market for retail gasoline B The market for gold C. The market for beef D The market for housing