If a particular bank regularly announces changes in its interest rate schedules before its competitors, who then set rates very close to those announced by that bank, this could be described as:

The Friedman-Savage utility function can explain why

A) people buy automobile insurance. B) somebody becomes addicted to gambling. C) people become more risk averse as their wealth increases. D) people place small bets to have a chance at winning a large amount.

On this economic growth and production possibilities curve, Economy A experienced ______.

a. a smaller shift in the production possibilities curve
b. less capital investment
c. greater growth
d. higher initial levels of consumption spending