To an economist, risky options:
A) are always bad options.
B) are always good options.
C) have costs and benefits fixed in advance.
D) do not have costs and benefits fixed in advance.
D
Economics
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Even when the Obama administration succeeds with its effort to gain Congressional approval for its stimulus proposals, it will still take time for these policies to actually work. The time it takes for these policies to work is known as
A) automatic stabilization. B) crowding out. C) inside lags. D) outside lags.
Economics
In the above figure, when the firm produces output corresponding to point c, the firm's marginal cost
A) is less than its marginal revenue. B) equals its marginal revenue. C) exceeds its marginal revenue. D) equals its average revenue.
Economics