If a person willingly plays an unfair game that is not in his favor, he is risk loving
Indicate whether the statement is true or false
False. While that could be the reason, there are others. Either the person likes gambling for entertainment reasons, or the person does not understand the probabilities associated with each payout.
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All of the following contribute to income inequality EXCEPT
A) differences in education and training. B) differences in job tastes. C) differences in talent. D) government transfer programs.
Refer to the information. The addition of a $100 billion lump-sum tax:
The following information is for a closed economy:
A. reduces the MPC and increases the multiplier.
B. increases the MPC and decreases the multiplier.
C. increases both the MPC and the multiplier.
D. has no effect on either the MPC or the multiplier.