For most practical matters, economists assume that
A) individuals are risk neutral.
B) individuals are risk lovers.
C) individuals are risk averse.
D) most individuals are risk lovers.
E) most individuals are risk neutral.
C
Economics
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If cars are normal goods, a fall in income will
a. Increase the demand for cars b. Decrease the demand for cars c. Have no effect on the demand for cars d. None of the above
Economics
Payments to nonowners of a firm are called:
a. implicit costs. b. accounting costs. c. explicit costs. d. economic costs.
Economics