When combined, in present value terms, the underfunded nature of Social Security, Medicare, and State and local pensions adds to

_____________ is the tendency of people to refuse to accept fair gambles

Fill in the blank(s) with the appropriate word(s).

In the figure above, suppose the price of a pound of pecans is negatively related to the quantity of peanuts that farmers are willing to supply. If the price of pecans increases,

A) the curve will shift rightward. B) the curve will shift leftward. C) there is a movement along the curve. D) the curve will be unaffected. E) None of the above answers is correct because the graph assumes that the price of pecans does not change.