In general, the more risk averse a plaintiff is, the ________ willing the plaintiff is to settle, and the ________ the amount the plaintiff will accept to settle.
A) less; higher
B) more; lower
C) more; higher
D) less; lower
B) more; lower
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Figure 1.1 displays exogenous variables entering a model from which emerge endogenous variables. Yet, in the five-step process to develop an economic model, the macroeconomist specifies the endogenous variables first, then the exogenous variables
Which is the correct sequence? Explain.
In a proportional tax system each individual would pay the same dollar amount in taxes
a. True b. False Indicate whether the statement is true or false
The invention of the Internet should make poorer countries
A. poorer due to the expense of new technology. B. poorer because the Internet is primarily in richer countries. C. richer because technology adoption is easier. D. richer because they can distribute information without costs.
Which of the following is the best example of an automatic stabilizer?
A. welfare payments B. foreign aid C. defense spending D. highway construction