In the figure below, $40,000 for certain is as desirable as $47,000 with risk.
A. True
B. False
C. Uncertain
A. True
Economics
You might also like to view...
Define official settlements account and U.S. official reserves. Discuss the differences between the two terms
What will be an ideal response?
Economics
Explain why international trade is less important to the United States than it is to many other countries
What will be an ideal response?
Economics
The "other things being equal" clause in the law of demand does not allow which of the following factors to change?
a. Consumer income. b. The prices of other goods. c. Consumer tastes and preferences. d. All of these.
Economics
A theory is an explanation of the causal mechanism behind observed phenomena.
Answer the following statement true (T) or false (F)
Economics