The state can expropriate the profits from innovation through legal means.

Fill in the blank: When a chooser asks herself "Is it worth it?," she is trying to evaluate the ________ of a particular project or plan of action

A) technical efficiency B) objective efficiency C) economic efficiency D) engineering efficiency

The following is not an example of risk aversion

a. you lock your garage when you have expensive workshop tools b. you are more careful when you buy a more expensive car c. Individuals tend to gamble more with their money when the future is certain d. you only go swimming when the lifeguard is not on duty