In constructing a utility curve,
A) a comparison is made of the different amounts of money at different times.
B) the certainty of a certain amount is compared with the willingness to gamble that amount on a larger amount.
C) one takes the risk out of gambling.
D) inflation plays a critical part in the evaluation.
E) None of the above
B
You might also like to view...
Jerry is an insured who understated his age on his life insurance application, paying $12 per $1,000 of insurance instead of $15 per $1,000. If he dies, how will the adjusted death benefit be calculated?
A) 12/15th of the policy's face amount B) 1/2 of the policy's face amount C) 3/4 of the policy's face amount D) Full face amount
As the ruble's value fell through most of 2014, Russian consumers rushed to change rubles to dollars and euros and to buy big-ticket items such as big-screen TVs and luxury cars
Indicate whether the statement is true or false