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nyounger nyounger
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Posts: 505
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5 years ago

Question 1.

A person who strongly wishes to avoid risk would pick which of the following choices?



▸ a 50% chance of winning $750 or a 50% chance of winning $0.

▸ a 100% chance of getting $375

▸ a 50% chance of getting $750, 25% chance of getting $1,500 and a 25% chance of losing $1,500

▸ All of these are equal to a person who wishes to avoid risk

Question 2.

If interest rates are positive, one dollar today is worth



▸ more than a dollar a year from now.

▸ less than a dollar a year from now.

▸ the same as a dollar a year from now.

▸ nothing.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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antheadanthead
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#1
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5 years ago
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nyounger Author
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5 years ago
this is exactly what I needed
DAGINC
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Yesterday
Brilliant ツ
MLynneMcMillan
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2 hours ago
You make an excellent tutor!
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