Your friend Dimitre tells you that he thinks that his favorite basketball team has a 70% chance of winning the next game. This is an example of
A) an objective probability.
B) a subjective probability.
C) a risk-averse statement.
D) Friedman-Savage preferences.
B
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The following graph depicts demand. 
The price elasticity of demand at point C is:
A. 16/3. B. 3/16. C. 3/8. D. 3/4.
When the Fed buys $10 million in T-bills, interest rates will ________ because the LM curve shifts ________
A) fall; left due to the increase in the demand for money and loans B) rise; right due to the increase in the supply of money and loans C) fall; right due to the increase in the supply of money and loans D) rise; left due to the increase in the supply of money and loans
The use of deductibles and coinsurance are examples of attempts by insurance companies to deal with the problem of
A) moral hazard. B) adverse selection. C) failure of policyholders to keep paying their premiums. D) excessive government regulation.
Which of the following would shift the aggregate demand curve to the left?
A. An increase in exports. B. An increase in investment. C. An increase in government spending. D. A decrease in government spending.