Empirical studies have shown that in most situations people are:

A) risk-averse.
B) risk-neutral.
C) risk-loving.
D) either risk-neutral or risk-loving but not risk-averse.


A

Economics

You might also like to view...

Aimee sells hand-embroidered dog apparel over the Internet. Her annual revenue is $128,000 per year, the explicit costs of her business are $42,000, and the opportunity costs of her business are $30,000

What are the implicit costs of her business? A) $12,000 B) $30,000 C) $72,000 D) $86,000

Economics

According to the neo-Keynesians, the Phillips curve is stable over time

Indicate whether the statement is true or false

Economics

A recent study on enrollment at a liberal arts college concluded that demand elasticity is 0.91 . The administration is considering a tuition increase to help balance the budget. The revenue-maximizing decision is to

a. decrease tuition, which should boost enrollment enough to balance the budget. b. decrease tuition, which would bring in more revenue. c. leave tuition as is-an increase would not help balance the budget. d. increase tuition, which would bring in more revenue.

Economics

A tariff

a. lowers the domestic price of the exported good below the world price. b. keeps the domestic price of the exported good the same as the world price. c. raises the domestic price of the imported good above the world price. d. lowers the domestic price of the imported good below the world price.

Economics