Which best describes the relationship between the cost of acquiring information and return?
A) A high return must compensate for a high cost of acquiring information.
B) A higher cost of information corresponds with a low return.
C) A low cost of acquiring information corresponds with a high return.
D) A higher return results in a lower cost of acquiring information.
A
Economics
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Which of the following is one of the balance of payments accounts?
A) government expenditure account B) capital and financial account C) reserve account D) net borrowing account
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Three possibilities have probabilities 0.4, 0.4 and 0.2 and values $10, $20, and $30 respectively. The expected value is:
a. $15 b. $16 c. $17 d. $18
Economics