If an individual makes her investment decisions based solely on the Expected Value criterion, one can conclude that she is
A) risk averse.
B) risk neutral.
C) risk loving.
D) extremely wealthy.
B
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Why are economists less worried about industry concentration than they once were?
What will be an ideal response?
If people buy less chewing gum at every price when their incomes fall, then:
a. chewing gum is a normal good. b. the demand for chewing gum is positively sloped. c. demand for chewing gum has increased. d. the price of chewing gum has increased. e. there has been a decrease in population that changed demand.
Answer the following statement(s) true (T) or false (F)
1. In a pay-as-you-throw (PAYT) program, the price per unit of MSW services can be based on either the weight or the volume of waste generated. 2. A back-end charge is implemented as a price per household. 3. The city whose unit pricing program is considered to be the prototype is Philadelphia. 4. If there is a negative externality associated with consumption of a product, the MSBof that product is below the MPB.
Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. The demand and supply of pounds are S1 and D1. Which of the following can change the equilibrium exchange rate ($/pound) to $1.50 and the equilibrium quantity to 400 pounds?
A. the price level in Great Britain decreases B. income in the United States decreases C. British purchases of U.S.-made cars increase D. United States purchases of British-made cars increase