A person that is risk averse
A) exhibits decreasing marginal utility of wealth.
B) exhibits increasing marginal utility of wealth.
C) always engages in fair bets.
D) loves lotteries.
A
Economics
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Factors that influenced planned investment spending include
A) real interest rates. B) financial frictions. C) emotional waves of optimism and pessimism. D) all of the above. E) A and C.
Economics
Which of the following is NOT a property of isoquants?
A. Isoquants curves are thin. B. Isoquants may slope upward or downward. C. Isoquants for the same technology never cross. D. Higher-level isoquants lie farther from the origin.
Economics