Other things being equal, the more wealth households have, the more they consume.
Answer the following statement true (T) or false (F)
True
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Actuarily fair insurance reduces risk without changing the expected value of a gamble.
Answer the following statement true (T) or false (F)
The ways to address agency costs include all EXCEPT
a. running background checks on prospective employees b. hiring only from job fairs c. spot checks of the quality of employee work d. replacing closed offices with cubical office spaces
Very few commodity agreements are successful in bringing together supplier and consumer countries to stabilize commodity prices.
a. true b. false
List prices on new cars do NOT change very often, so
A) the real price of cars is very inflexible. B) the prices of new cars can only be flexible if there are changes in the cost of materials. C) price flexibility is not an important feature in the auto market. D) price flexibility shows up primarily through the negotiations between buyers and sellers.