Michelle invested $50 in a project that has a 40% chance of being worth $80 and a 60% chance of being worth $20. One can conclude that Michelle is

A) risk averse.
B) risk neutral.
C) risk loving.
D) extremely wealthy.


C

Economics

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Answer the following statement true (T) or false (F)

Economics

When leisure is a normal good, the income effect from a decrease in wages is evident in

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Economics

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Answer the following statement true (T) or false (F)

Economics

If the United States exports $250 billion worth of goods and imports $420 billion worth of goods

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Economics