A ____________ is a gamble in which the expected value of the gamble is equal to 0.

Members of the Federal Reserve Board of Governors are appointed to 14-year terms to provide a level of isolation from political influence.

a. true b. false

In an imaginary economy, consumers buy only sandwiches and magazines. The fixed basket consists of 20 sandwiches and 30 magazines. In 2006, a sandwich cost $4 and a magazine cost $2 . In 2007, a sandwich cost $5 . The base year is 2006 . If the consumer price index in 2007 was 125, then how much did a magazine cost in 2007?

a. $0.83 b. $2.25 c. $2.50 d. $3.00