Cash may be preferred to food stamps because additional cash
A) rotates the budget constraint.
B) shifts out the budget constraint at every point.
C) provides a smaller opportunity set.
D) allows the purchase of more food.
B
Economics
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During 1991, Argentina's monetary law had a currency board. Explain and give an example
What will be an ideal response?
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More risk-averse people will:
a. hold fewer risky assets because marginal utility is rapidly diminishing. b. hold fewer risky assets because marginal utility is greater. c. hold fewer risky assets because rates of return are more uncertain. d. hold fewer risky assets because marginal utility is negative.
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