For the utility function U = Wa, what values of "a" correspond to being risk averse, risk neutral, and risk loving?
What will be an ideal response?
0 < a < 1 implies risk averse.
a = 1 implies risk neutral.
a > 1 implies risk loving.
Economics
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A bank run is
A) a large-scale, panicky withdrawal of deposits from a bank. B) the transfer of funds from one bank to another. C) a situation when a bank borrows from the Fed's discount window. D) a situation in which a bank borrows at the Federal funds rate.
Economics
If the tax rate increases with an increase in income, the income tax structure is said to be _____
a. proportional b. regressive c. progressive d. lump-sum e. negatively skewed
Economics