A main argument for investing in US securities is the:
A. high rate of interest.
B. low rate of interest
C. low risk of owning them.
D. varied time frame of payment for different types of securities.
C. low risk of owning them.
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If you take a maximin strategy
A) you are irrational according to economic definition. B) you are ensuring that the other player gets the worst possible outcome. C) you are getting the best possible outcome given that the other player does the thing that's worst for you. D) then both players are doing the best they can given the payoffs in the game.
Suppose an economy experiences an increase in technological progress. This increase in technological progress will
A) allow more output to be produced with the same number of workers. B) allow the same amount of output to be produced with fewer workers. C) lead to changes in the types of goods produced. D) all of the above E) none of the above