Consider two upward sloping income-utility curves with income on the horizontal axis. The steeper curve represents risk preferences that are more:
A) risk averse.
B) risk loving.
C) loss averting.
D) We cannot answer this question without more information about the shapes of the curves.
D
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Which of the following statements best describes the Federal Reserve?
a. Like most central banks, the Federal Reserve is semi-decentralized, mixing government appointees with representation from private-sector banks. b. Unlike most central banks, the Federal Reserve is semi-decentralized, mixing government appointees with representation from private-sector banks. c. Unlike most central banks, the Federal Reserve is centralized, mixing government appointees with representation from private-sector banks. d. Like most central banks, the Federal Reserve is centralized, mixing government appointees with representation from private-sector banks.
In the long run, all of a firm's costs are variable. In this case the exit criterion for a profit-maximizing firm is to shut down if
a. price is less than average total cost. b. price is greater than average total cost. c. average revenue is greater than average fixed cost. d. average revenue is greater than marginal cost.
What are some of the policy tools used by supply-side economists, and how do they work?
What will be an ideal response?
Which of the following will improve your bargaining position when contracting with a supplier
a. You are better able to accommodate other suppliers' brands b. You must only buy the raw material from your preferred supplier to ensure quality c. Two of your suppliers merge d. Your final product that includes this component becomes more profitable