Refer to Scenario 5.1. The expected value of the undertaking,
A) according to Sarah, is $75,000.
B) according to Sarah, is $100,000.
C) according to Sarah, is $110,000.
D) according to Aline, is $200,000.
E) according to Aline, is $100,000.
E
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The larger the fraction of an investment financed by borrowing,
A) the smaller the potential return and potential loss on that investment. B) the greater the potential return and the smaller the potential loss on that investment. C) the smaller the potential return and the greater the potential loss on that investment. D) the greater the potential return and potential loss on that investment.
Why is a typical person likely to gather more information when buying a new car than when voting for a member of Congress?
A) because it is less costly to acquire information about consumer items than it is about political candidates B) because a person's preferences are more likely to be met with little effort in the political sphere but this is not the case when buying a car in the private marketplace C) because buying a new car affects a person more immediately and personally compared to voting for a member of Congress; in the latter, a person's vote is only one of many voters and therefore, not likely to have a large impact on the outcome D) because the effects of buying a car are long term while a member of Congress has a relatively short tenure
If the demand for online banking increases, we would expect to see the
A) supply of workers that produce online-banking services to increase. B) supply of workers that produce online-banking services to decrease. C) demand for workers that produce online-banking services to decrease. D) demand for workers that produce online-banking services to increase.
Refer to the above graph. Which of the lines in the above diagram represent(s) a progressive tax?
A. Both A and B B. B only C. C only D. D only