In most state-run lotteries,
a. the winner receives a single lump-sum payment
b. the present value of the winnings is less than the number of dollars won
c. the present value of the winnings exceeds the number of dollars won
d. winners are paid the present value of the total amount won
e. winners are paid only in the distant future
B
Economics
You might also like to view...
If, for a given percentage decrease in price, quantity supplied decreases by a proportionately smaller percentage, then supply is
A) elastic. B) perfectly elastic. C) unit elastic. D) relatively inelastic.
Economics
Higher prices
a. are always against the public interest. b. may sometimes serve the public interest. c. should never be allowed. d. occur automatically for abundant goods.
Economics