If a person is entertained by gambling, then
A) she is not risk averse.
B) she does not understand the concept of a fair game.
C) she may gamble even if it is an unfair game.
D) she will definitely not buy automobile insurance.
C
You might also like to view...
What do structural reform policies emphasize?
What will be an ideal response?
Under flexible exchange rates, the exchange rate is set by
A) the International Monetary Fund. B) the U.S. Federal Reserve's Board of Governors. C) the intersection of demand and supply curves in the currency markets. D) negotiations among central banks of the major industrial powers.
While waiting in line to buy two tacos at 75 cents each, and a medium drink for 80 cents, Jordan notices that the restaurant has a value meal containing three tacos and a medium drink all for $2.50. For Jordan, the marginal cost of purchasing the third taco would be Select one:
a. Zero. b. 20 cents. c. 75 cents. d. 80 cents.
If the minimum wage is set at a level below the equilibrium wage it:
A. would be a nonbinding minimum wage. B. will probably affect government jobs more than any other job market. C. would interfere with the market reaching equilibrium. D. will have a large effect.