The slope of a graph that shows a direct relationship is:
A. Always positive
B. Either positive or negative
C. Possibly zero
D. Either zero or infinite
Answer: A
Economics
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The Federal Reserve is divided into 7 districts
Indicate whether the statement is true or false
Economics
Ashton has the utility of wealth curve shown in the above figure. He owns a sports car worth $30,000, and that is his only wealth. Ashton is a careless driver and there is a 30 percent chance that he will have an accident within a year
If he does have an accident, his car is worthless. What is Ashton's expected utility? A) 100 B) 30 C) 70 D) zero
Economics