A dictator is most likely to
A) adopt a Rawlsian social welfare function.
B) maximize her own utility.
C) place equal weight on everyone's utility function.
D) have nontransitive preferences.
B
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A speculator may choose to buy a call option because
A) the possible gain is greater than with a futures contract. B) the potential loss on the call is limited to the premium, while the potential loss is unlimited with a futures contract. C) the possible gain with the option is great than the possible gain from buying the underlying stock itself. D) calls eliminate the risk of loss so a speculator can lose nothing or just make a gain.
The way to prevent the national debt from growing is for the budget not to be in deficit
a. True b. False Indicate whether the statement is true or false