If people expect to have the profits from correct decisions confiscated but do not expect to be compensated for the losses from incorrect decisions, they will
A) attempt to maximize risk.
B) only make choices when the outcomes are absolutely certain.
C) try to do what most others are doing.
D) undertake longer-range projects more frequently.
C
Economics
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A situation in which a country does not take part in international trade is known as
A) autarky. B) openness neglect. C) indifference tradeoff. D) protectionist point.
Economics
When economists speak of changes in GDP measured in constant dollars, they mean that
a. money GDP is constant. b. the price level is constant. c. a price index has been used to adjust money GDP for the effects of inflation. d. the growth rate of money GDP has been adjusted for changes in population.
Economics