A situation in which output decreases while prices increase is often referred to as:

Consider two countries-country A and B. Both countries are exactly similar in all aspects except for one. In country B it is possible for entrepreneurs to borrow money from banks and financial markets

While in country A, there is no loan for entrepreneurshiA) Country A is likely to grow faster than country B. B) Country B is likely to grow faster than country A. C) Both countries are likely to grow at the same rate. D) Resources are likely to be over consumed in country A and under consumed in country B.

Amos Long's marginal utility of income function is given as: MU(I) = I1.5, where I represents income. From this you would say that he is

A) risk averse. B) risk loving. C) risk neutral. D) none of the above