Someone who values a lottery at more than the expected value is
a. a risk lover
b. risk neutral
c. risk averse
d. one who tends to play lots of lotteries
a
Economics
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Which of the following is not an input to production?
a. Technology b. Labor c. Physical capital d. Producer expectations about future prices
Economics
The opportunity cost of holding money is:
A. the nominal interest rate. B. the rate of inflation. C. the real interest rate. D. the nominal interest rate less the cost of converting a bond to cash.
Economics