Robert Lucas, a Nobel laureate in economics, argues that there are ________ returns to human capital

A) negative B) decreasing C) constant D) increasing

D

Economics

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If Ann's utility function is U = 3W0.5, and she invests in a business which can yield $6,400 with probability 1/5, and $3600 with probability 4/5, then her Arrow-Pratt measure of risk aversion is

A) 0.5/w. B) 1/w. C) 1.5w. D) 3/w.

Economics

At equilibrium, the market will clear, with no surpluses or shortages occurring

a. True b. False Indicate whether the statement is true or false

Economics