A person is seen placing a wager on the Super Bowl. It can be concluded that
a. the person is risk-preferring.
b. the person is either risk-averse or risk-neutral, but not risk-preferring.
c. the person is either risk-neutral or risk-preferring, but not risk-averse.
d. we need more information before making a conclusion regarding this person's attitudes towards risk.
d. we need more information before making a conclusion regarding this person's attitudes towards risk.
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The income distribution in the United States is
A) positively skewed. B) negatively skewed. C) bell-shaped D) uniform.
What determines how much labor a household will supply?
What will be an ideal response?
The demand for computer programmers is inseparably tied to the supply of computer software
a. True b. False Indicate whether the statement is true or false
The table gives data for a private closed economy. If gross investment is $12 billion, the equilibrium level of GDP will be
A. $380. B. $370. C. $360. D. $350.