Compared to receiving an equilibrium wage, workers who receive efficiency wages are ________ likely to take actions that will get them fired and are ________ likely to switch jobs

The provision of aid to an individual who is not required to provide anything in exchange is called a transfer payment.

a. true b. false

Bob invests $75 in an investment that has a 50% chance of being worth $100 and a 50% chance of being worth $0. From this information we can conclude that Bob is

A) risk preferring. B) risk neutral. C) risk averse. D) irrational.