If a person prefers a gamble with an expected value of $100 to a sure $100 that person is
A) irrational.
B) a risk lover.
C) nonsystematic.
D) managing a portfolio.
B
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If the FOMC decides to engage in the selling of government bonds, what is the effect on the money supply?
A) a decrease B) an increase C) an initial increase followed by an additional rise when the bonds mature D) no change
Taking advantage of the built-in-loophole in emission taxes implies
a. opportunity to save on taxes by reducing emissions. b. opportunity to avoid taxes even without cutting emissions. c. opportunity to increase emission by paying more tax. d. opportunity to pay less by increasing emission.
As long as a public sector activity will generate benefits regardless of the costs, the activity should definitely be undertaken.
Answer the following statement true (T) or false (F)
Marginal utility
A. is the usefulness a consumer derives from a certain good or service. B. is the utility a consumer derives from a certain good or service. C. increases as more of a good or service is consumed. D. is the additional utility derived from consuming one more unit of a good or service.