A rational person maximizes
A) risk.
B) return.
C) expected utility.
D) return variance.
C
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Catherine quit her job in order to look for a new one; therefore, she is best considered as
A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.
The age-earning cycle predicts that a typical person will
A) be earning $50,000 in the year 2010. B) be earning the lowest income right before retirement. C) be earning the highest income right before retirement. D) be earning the highest income at about the age 45-50.
Which of the following is true?
a. Borrowers take bigger risks with their money than they would with other peoples' money b. Borrowers take bigger risks with other peoples' money than they would with their own c. Borrowers take big risks on investments regardless of whether it is their own money or not d. Borrowers should not be investing at all
A demand curve to remain unit elastic along its entire length should
a. cross the X axis. b. touch the X axis but not the Y axis. c. never touch either the X or the Y axis. d. touch the Y axis but not the X axis.