Making many risky bets
A) reduces your expected value.
B) is called risk-pooling and can reduce risk.
C) is irrational.
D) is called risk pooling and increases your expected value.
B
Economics
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Which of the following is true of tariffs?
A) Tariffs are special taxes levied on imports. B) Tariffs reduce the volume of exports. C) Tariffs decrease the prices of imports. D) Tariffs encourage international trade.
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When an activity results in the creation of external benefits, markets will produce more than the socially optimal level of that activity
a. True b. False
Economics