The following is an example of risk aversion
a. those applying for a well-paid job tend to be unqualified
b. more reckless drivers opt for cars with fewer safety devices
c. the contractor with the lowest bid for a is the most qualified
d. Initial Public Offerings (IPOs) seek investors when prospects look good
a
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The GATT is
A) an international treaty. B) an international U.N. agency. C) an international IMF agency. D) a U.S. government agency. E) a collection of tariffs.
Refer to Figure 4.4. At an interest rate of 7%,
A) Foreign borrowers have an incentive to offer lenders in the United States an interest rate greater than 7%. B) Foreign lenders have an incentive to offer borrowers in the United States an interest rate less than 7%. C) U.S. lenders have an incentive to offer borrowers in the rest of the world an interest rate of 7%. D) U.S. borrowers have an incentive to offer U.S. lenders an interest rate greater than 7%.
Considering the information in the table shown, if Jack consumes 3 popsicles and 1 ice cream cone, then:
This table shows the different combinations of goods that Jack can consume, given that his income to spend on these two items is $10.
A. Jack still has $5 left to spend.
B. the price of ice cream must have increased to $8.
C. the price of popsicles must have decreased.
D. None of these is true.
Firms self-insure to
a. save money on premiums. b. avoid state level insurance regulation. c. create uniform benefit packages for employees who live in different states. d. all of the above.