Politicians often highlight the plight of a single individual as a reason to support a particular project or agenda. In this case, politicians are using

A rise in the price level brings a ________ in the real wage rate that ________ profits which leads to ________ production

A) rise; reduces; increasing B) rise; reduces; decreasing C) fall; increases; increasing D) rise; increases; decreasing E) fall; decreases; decreasing

Your friend Dimitre tells you that he thinks that his favorite basketball team has a 70% chance of winning the next game. This is an example of a(n)

A) objective probability. B) subjective probability. C) risk-averse statement. D) Friedman-Savage preference.