The opportunity cost of something is the gain you receive as a result of your sacrifice.
Answer the following statement true (T) or false (F)
False
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The certainty equivalent is less than the expected value of a gamble when tastes are risk averse.
Answer the following statement true (T) or false (F)
Which of the following best describes labor force participation rates for men and women over the period 1960 to 2000?
A. Labor force participation rates for both men and women increased. B. Labor force participation rates for both men and women decreased. C. Labor force participation rates for men increased while labor force participation rates for women decreased. D. Labor force participation rates for men declined while labor force participation rates for women increased.
The Children's Health Insurance Program was created in the
A. 1960s. B. 1980s. C. 1990s. D. 1940s.
The rule of 70 states that
A) it takes an economy 70 years to double its real GDP. B) the number of years it takes an economy to double in size is 70 divided by the growth rate. C) the number of years it takes an economy to double in size is the growth rate times 70. D) the number of years it takes an economy to double in size is the growth rate divided by 70.