When is an outcome risky?
What will be an ideal response?
An outcome is risky if it is not known with certainty in advance. Risk is not necessarily bad; risk can exist even if all of the outcomes are "good" outcomes.
You might also like to view...
When government outlays exceed tax revenue, the situation is called a budget
A) with a negative balance. B) deficit. C) surplus. D) debt. E) with no balance.
State whether you agree with the following statement and why: "It doesn't make sense to give poor people cash since they'll spend it on cigarettes and lottery tickets instead of needed items."
What will be an ideal response?
An increase in the equilibrium price of electricity can be caused by
A. A decrease in the demand for electricity. B. An increase in the supply of electricity. C. An increase in the quantity demanded of electricity. D. An increase in the demand for electricity.
When disposable income is 3500, how much is induced consumption?
