____________ is a state of preferring a certain return to an uncertain prospect that generates the same expected return.
Fill in the blank(s) with the appropriate word(s).
Ans: Risk Aversion
Economics
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The productive resource that organizes labor, land, and capital is
A) capital. B) financial capital. C) human capital. D) government. E) entrepreneurshi
Economics
A firm will invest in a project if
A. the firm's level of capital is higher than the desired level. B. the rate of return of the project is greater than the opportunity cost of the investment. C. the interest rate exceeds the opportunity cost of the project. D. the firm's level of capital is at the desired level.
Economics