An individual receives $100 if the outcome of a coin toss is heads. If the outcome of the coin toss is tails, he loses $50. If the individual weights future loses by a special factor of 2, what is the psychological value of this coin toss?

Economists use the term "financial markets" to mean the markets in which

A) households supply their labor services. B) the government borrows to fund any budget surplus. C) firms supply their goods and services. D) firms purchase their physical capital. E) firms get the funds that they use to buy physical capital.

In an increasing-cost industry the long-run supply curve is upward sloping

Indicate whether the statement is true or false