The cost of risk is the amount by which expected wealth must increase to give the same ________ as a no-risk situation
A) marginal wealth
B) marginal utility
C) expected utility
D) expected wealth
C
You might also like to view...
Which of the following would cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true degree of joblessness in the economy?
A) people employed in the underground economy B) unemployed persons who falsely report themselves as actively looking for a job C) retired people who have no intention of returning to work D) people with part-time jobs who would prefer to be working full time
Unilateral transfers are
A) transactions that take place across national boundaries but in which both transactions are citizens of the same country. B) government transactions that use gold and other official reserves. C) gifts from a resident of one country to a resident in a foreign country. D) the payments of interest to residents of another country.
A good is said to be a normal good when
a. decreases in income lead to an increase in demand for the good b. decreases in income lead to a decrease in demand for the good c. increases in income lead to a decrease in demand for the good d. increases in price lead to a decrease in the quantity demanded of the good e. increases in price lead to a decrease in demand for the good
Private ownership
A) permits owners to buy, sell and derive income from their property. B) permits anyone to use the property with or without permission, compensation or consideration for the owner. C) provides owners with little incentive to conserve for the future. D) permits owners to do anything they want with their property.