A risk-averse person's marginal utility of wealth
A) increases as wealth increases.
B) decreases as wealth increases.
C) is constant.
D) is negative.
B
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Refer to Table 2-20. Japan has a comparative advantage in the production of
A) rice. B) wristwatches. C) both products. D) neither product.
Which of the following disinflationary monetary policies would classical economists prefer?
A) A cold turkey approach that is announced and credible. B) A cold turkey approach that is announced, but not credible. C) A gradual approach that is announced and credible. D) A gradual approach that is unannounced.
Which of the following decreases aggregate supply?
A) discoveries of new raw materials B) an increase in competition C) an increase in training and education D) a decrease in labor supply
Chinese private companies get their capital largely from:
a. The Whenzou market b. Private banks c. IPOs d. State banks e. Government grants