A fair bet is one where
A) the player has a 50/50 chance of winning.
B) the player's utility function is convex.
C) the expected value is zero.
D) the expected value is positive.
C
Economics
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Long information lags, bad harvests, high degrees of government intervention in private affairs and other "push-effects" often decreased net migration in the U.S
Indicate whether the statement is true or false
Economics
Positive externalities are created when
A) other consumers reduce their demand for coffee and price thereby declines. B) farmers spray pesticide in their fields and it washes into the local river after the first rainstorm. C) your neighbor plants beautiful trees and flowers in her yard. D) you purchase the "Mona Lisa" and lock it in a vault.
Economics