A person who is a __________ prefers a fair gamble to a certain outcome.
Fill in the blank(s) with the appropriate word(s).
Answer: Risk Lover
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A bilateral monopoly is a market situation in which there is only one buyer and only one seller
a. True b. False Indicate whether the statement is true or false
As the U.S. labor force grows and the nation's capital stock is augmented by investment, the
a. price level will rise. b. aggregate supply curve shifts inward. c. aggregate supply curve shifts outward. d. aggregate supply curve becomes steeper.
Which of the following is NOT part of the FOMC directive?
A. It specifies target ranges for money supply growth. B. It establishes short-term federal funds rate objectives. C. It lays out the FOMC's general economic objectives. D. It specifies who the chair of the Fed is.
Attempts to bypass price rationing in the market
A. are easily administered. B. always fail. C. are efficient. D. are costly.