Smith and Jones Are Different When It Comes to Taking

question 30

Multiple Choice

Smith and Jones are different when it comes to taking risk. Smith will assume much more risk than Jones. It follows that

• A)Smith will earn more income than Jones.
• B)Jones will earn more income than Smith.
• C)Smith has a higher probability than Jones of earning a higher income.
• D)Smith has a higher probability than Jones of earning a lower income.
• E)c and d