Examlex

Solved

Which of the Following Is NOT a Major Area of Study

question 189

Multiple Choice

Which of the following is NOT a major area of study for economists?


Definitions:

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into forms that can be used for transactions or investments.

Von Neumann-Morgenstern

A utility theorem that represents individuals' preferences over risky choices, and is foundational in expected utility theory.

Utility Function

A mathematical model in economics that represents how different quantities of goods or services can provide satisfaction to consumers.

Income

The reward garnered over time, generally in a consistent pattern, from occupational or investment sources.

Related Questions