John derives more utility from having $1,000 than from having $100. From this, we can conclude that John
A) is risk averse.
B) is risk loving.
C) is risk neutral.
D) has a positive marginal utility of wealth.
D
Economics
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The common habit of viewing middlemen as unproductive bandits on the highway of free trade assumes
A) transaction costs are zero. B) information is a free good. C) voluntary exchange is not mutually beneficial. D) all of the above. E) none of the above.
Economics
According to the monetarists, what is the main cause of macroeconomic instability?
What will be an ideal response?
Economics