A Japanese recession will be counteracted by an appreciation of the Japanese yen.
Answer the following statement true (T) or false (F)
False
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For each of the following statements, state whether the statement is true, false, or uncertain and explain why
i. A risk neutral person is indifferent to a gamble and the expected value of the gamble. ii. A risk-averse person will never accept a gamble. iii. A risk-loving person will accept any gamble.
Cost benefit considerations would be most typical of which type of ethics?
a. consequentialism b. egoism c. kantian d. utilitarianism
A decrease in net wealth will _____
Fill in the blank(s) with the appropriate word(s).
Answer the following questions true (T) or false (F)
1. The decisions General Motors makes in determining production levels for its Chevy Volt is an example of a microeconomic topic. 2. Individuals can use economic principles to improve their decision-making process. 3. A primary role of economists is to not only describe how choices are made and analyze the results of those choices, but also to advise on how better decisions can be made.