An individual who is a risk lover
a. values a lottery at more than its expected value
b. values a lottery at exactly its expected value
c. values a lottery at less than its expected value
d. tends to play lots of lotteries
a
Economics
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Because the United States has had substantial deficits in goods and services, it has also necessarily had surpluses in
A. the federal budget. B. the sales of assets. C. the sales of military goods. D. its gold supplies.
Economics
Jane is a top-level executive earning a high salary. Jane has just ordered a luxury car only to be told that she will have to wait three weeks for it to be delivered. Which of the following statements is TRUE?
A) The car is not a scarce good. B) The car is an economic good. C) The car is human capital. D) The car is an intangible good.
Economics