A person is risk averse if:
A. his indifference curve is tangent to the constant expected consumption line at a point on the guaranteed consumption line.
B. he views variability as a bad thing.
C. for a given level of expected consumption, he prefers the riskless bundle to a risky one.
D. All of these answer choices are correct.
D. All of these answer choices are correct.
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Some governments have adopted statutes that require, under certain circumstances, payment greater than fair market value be paid to property owners for property seized through eminent domain
Indicate whether the statement is true or false
What is a reason not to protest poor working conditions in factories in low-income countries?
a. It would increase the price of goods imported into the United States. b. The working conditions are not that bad. c. The alternative job opportunities are worse. d. The protests have no effect on working conditions.
If a country's exchange rate rises, what happens to its exports and what happens to its imports?
The demand for money rises. According to the Keynesian transmission mechanism, the interest rate __________, investment spending __________ (assuming it is interest-sensitive), the AD curve shifts to the __________ and if the AS curve is horizontal, Real GDP __________
A) rises; falls; left; rises B) falls; rises; right; does not change C) rises; falls; right; rises D) falls; falls; left; does not change E) rises; falls; left; falls