The following is an example of risk aversion
a. those applying for a well-paid job tend to be the most qualified
b. more reckless drivers opt for cars with more safety devices
c. the contractor with the lowest bid for a is the most qualified
d. Initial Public Offerings (IPOs) seek investors when prospects look good
b
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Contrast the Keynesian and Monetarist views on how a change in the money supply impacts the economy
How can the Fed increase the money supply? How can the Fed decrease the money supply? Be specific
Refer to Figure 6.3. Suppose the price of pizza is $9.75. Then consumer surplus is:
A. $3.75.
B. $3.50.
C. $29.25.
D. $33.00.
Which of the following is true?
A. When a family migrates, there may be both tied movers and tied stayers in the family. B. Cultural assimilation is not included in migration costs. C. A repeat mover must have made a mistake in the initial move. D. A family will move even though as a unit they are better off staying as long as at least one member of the family is made better off by moving. E. A person might choose to not move because their family is better off by not moving, even though the person would individually be better off by moving.