Risk
What will be an ideal response?
The probability of the occurrence of loss relative to the expected return on investment
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The induced retirement effect
A. causes a decrease in savings because people retire earlier. B. causes a decrease in savings because people retire later. C. causes an increase in savings because people retire later. D. causes an increase in savings because people retire earlier.
"If the price of crude oil falls, the demand for gasoline will increase, so people will by more gas and the price of gas will go up." Is this statement true or false? Explain
What will be an ideal response?
Which of the following would have the least amount of influence on a manager's choice of which inputs to employ in a production process?
A) The price of a competitor's output. B) The technology of the production process. C) The marginal productivity of the inputs that can be used in the production process. D) The prices of the inputs that can be used in the production process.
According to the law of diminishing marginal utility, which of the following is likely to be true? a. Bruce enjoys his first slice of pizza more than his fifth
b. Steve enjoys his third slice of pizza more than his second. c. Tony enjoys his second slice of pizza as much as his fifth. d. Ethan enjoys two slices of pizza as much as one slice of pizza.