Suppose chris is offered the following gamble: with probability 0.1 he will win $90, with probability 0.4 he will win $50, and with probability 0.5 he will lose $60. chris will: . the second gamble offers a 20 percent chance of winning $100 and an 80% chance of losing $20. which choice has the higher expected value?
a. accept this gamble if he is risk-averse, but not if he is risk-neutral.
b. accept this gamble if he is risk neutral, but not if he is risk-averse.
c. accept this gamble if he is either risk neutral or risk-averse.
d. not accept this gamble if he is risk-neutral.

Which of the following results from outsourcing jobs from the united states to other countries? a. increasing exports out the united states. b. lower wages for u.s. workers. c. reduced immigration to the united states. d. subsidies for goods made in the united states. 2b2t

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.

Why is efficiency an important economic goal?