Of the choices given below, Jimmy, whose utility of wealth schedule is given above, prefers
A) option A: $300 with certainty.
B) option B: 50 percent chance of $200 and 50 percent chance of $400.
C) option C: 50 percent chance of $200 and 50 percent chance of $700.
D) option D: 90 percent chance of $400 and 10 percent chance of $0.
A
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Which of the following functions of government gives property owners the incentive to use their property efficiently?
A) making sure that courts are lenient on people who steal private property B) the protection of property rights C) the enforcement of antitrust legislation D) the financing of public goods
Suppose a country's net capital outflow does not change, but its investment rises by $250 billion
a. Its saving must have risen by $250 billion so its net exports have risen. b. Its saving must have risen by $250 billion, but its net exports are unchanged. c. Its saving must have fallen by $250 billion, so its net exports have fallen. d. Its saving must have fallen by $250 billion, but its net exports are unchanged.