A risk-seeker is likely to:
A. put his money under his mattress instead of buying company stock.
B. buy a government bond instead of a stock.
C. put money in a savings account instead of investing in a start-up company.
D. invest in a start-up company instead of putting his money under his mattress.
Answer: D
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Which of the following is a difference between an English auction and a Dutch auction?
A) Bids are placed publicly in an English auction while bids are placed privately in a Dutch auction. B) The bidder who values the good the most wins in an English auction while the bidder who values the good the least wins in a Dutch auction. C) An English auction is an ascending price auction while a Dutch auction is a descending price auction. D) An English auction is a descending price auction while a Dutch auction is an ascending price auction.
In general, changes in the price level will change the:
A. real value of people's wealth and income. B. nominal value of cash balances. C. real value of consumption goods only. D. nominal value of consumption goods and the real value of durable goods.
Explain why a monopsonist's marginal labor cost curve must lie above its labor supply curve
A study published in 2002 compiled evidence that using protectionism to save an average job in the textile and apparel industry would cost how much money per job saved?
a. $10,000 b. $50,000 c. $100,000 d. $199,000