In general, the more risk averse a defendant is, the ________ willing the defendant is to settle, and the ________ the amount the defendant will pay as a settlement.
A) more; larger
B) less; smaller
C) less; larger
D) more; smaller
A) more; larger
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In monopolistic competition, in the short run a firm maximizes its profit by selecting an output at which marginal cost equals
A) average total cost. B) marginal revenue. C) price. D) zero.
When the Federal Reserve conducts open market purchases to increase bank reserves without trying to alter the interest rate that is already close to zero, the policy action is called
A) qualitative easing. B) quantitative easing. C) qualitative tightening. D) quantitative tightening.
In a competitive economy, workers will be paid according to their
A) status. B) age. C) marginal productivity. D) need.
The academic studies that were the intellectual justification for Head Start suggested that money spent on early childhood education would be a wise investment because
A. kids deserve a quality education. B. there would be higher taxes paid when these children grew up. C. there would be lower welfare and incarceration costs when these children grew up. D. B) and C).