Economists assume that, in general, when individuals are faced with two choices that have the same expected value, they will prefer:
A. the one with lower risk.
B. the one with higher risk.
C. the one with the higher opportunity cost.
D. the one with the lower future value.
A. the one with lower risk.
Economics
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When the inflation rate of a country is high over a lengthy time period,
a. the year-to-year variability in the rate of inflation is generally small. b. the year-to-year variability in the rate of inflation is generally large. c. decision makers will be able to forecast future rates of inflation accurately. d. there is no reason to believe that the inflation will exert harmful side effects on real output and the prosperity of the country.
Economics
Refer to the data. The Herfindahl index for the industry is:
A. 1,600.
B. 1,800.
C. 18,000.
D. 80.
Economics