At a fair carnival roulette wheel, a player can either win $10, $30, or $80 . Assuming that the wheel is fair, what is the expected value of the play?

A hypothesis that assumes that people combine the effects of past policy changes on economic events and their own judgment about future effects of current and future policy changes is known as

A) active expectations. B) modern expectations. C) rational expectations. D) adaptive expectations.

What is a household's choice set defined as?

What will be an ideal response?