The following is an example of risk aversion
a. those applying for a well-paid job tend to be the most qualified
b. more reckless drivers opt for cars with fewer safety devices
c. the contractor with the lowest bid for a is under-qualified
d. Initial Public Offerings (IPOs) seek investors when prospects look good
c
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"All else constant, consumers will purchase more of a good as the price falls." This statement reflects the behavior underlying:
A. a change in demand. B. the demand curve. C. the supply curve. D. a change in supply.
If 100 Japanese yen buy more U.S. dollars today than yesterday, the dollar has ________ and the yen has ________
A) depreciated; appreciated B) appreciated; depreciated C) depreciated; depreciated D) appreciated; appreciated
The question of whether economic growth is desirable is a positive question, easily settled by economic analysis
Indicate whether the statement is true or false
A duopoly is a form of oligopoly with two firms.
Answer the following statement true (T) or false (F)