Someone is considered to exhibit risk-seeking behavior if he:

A. has a high willingness to take on situations with risk.
B. has a low willingness to take on situations with risk.
C. will only participate in high-risk situations.
D. will always choose the riskier venture when given two choices.


A. has a high willingness to take on situations with risk.

Economics

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Intangible assets like stocks and bonds were created by U.S. industrial firms and traded elsewhere for capital funds. This activity eventually gave rise to investment banking

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Progressive Insurance's 'Tripsense' monitors driving patterns of the people who purchase the related insurance policy. This lowers insurance costs because

a. only less reckless drivers will accept the device b. only more reckless drivers will accept the device c. drivers will believe they can now drive more recklessly d. it does not affect care in driving

Economics

Assume that Rudolf withdraws $600 from his bank account which was earning him 10 percent interest per annum to buy a high-end digital camera. The bank interest forgone by him will be the opportunity cost of this purchase

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Economics

Positive analysis can be described as

A) the study of whether people respond to positive incentives. B) the study of whether people respond to negative incentives. C) a value-free approach to inquiry. D) a study that is not tested empirically.

Economics