The "Risky Shift" Refers to the Tendency for ____

question 1

Multiple Choice

The "risky shift" refers to the tendency for ____.

• A) groups to take greater risks than the same individuals on average would have taken individually
• B) people to become more risk-taking in their views the longer they hold on to them
• C) people to remember their views as being more risky than they really were
• D) people to become more extreme in their views-whether extremely risky, extremely cautious, or extreme in some other way-the longer they hold on to them

---

Definitions:

Technological Advance

The development and application of innovative processes, equipment, or software that enhances productivity, efficiency, or quality.

Farmers

Individuals or entities engaged in the activity of agriculture, which includes the cultivation of plants and rearing of animals for food, fiber, biofuel, medicines, and other products used to sustain and enhance human life.

Optimal Allocation

The most efficient distribution of resources within an economy to maximize the output or welfare.

MB = MC

A principle in economics indicating the optimal level of output or consumption, where the marginal benefit (MB) equals the marginal cost (MC).