A state lottery commission offers a new millionaire game - a one in a million chance to win one million dollars. If the price of a lottery ticket is $1.50, who would buy any?
a. Only risk-neutral individuals.
b. Only risk-preferring individuals.
c. Both risk-neutral and risk-preferring individuals.
d. Anyone, risk preferences would not matter.
b. Only risk-preferring individuals.
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Unemployment data are collected
a. from unemployment insurance claims. b. through a regular survey of about 60,000 households. c. through a regular survey of about 200,000 firms. d. All of the above are correct.
Illegal immigration tends to:
A. increase average wages and employment where illegal workers are complements to domestic-born workers. B. increase average wages and employment where illegal workers are substitutes for domestic-born workers. C. increase average wages and employment whether illegal workers are complements to or substitutes for domestic-born workers. D. reduce average wages and employment whether illegal workers are complements to or substitutes for domestic-born workers.