A Person Is Risk Loving If

question 8

Multiple Choice

A person is risk loving if

• A) For a given level of expected consumption, he prefers a risky bundle to a risk less one
• B) His indifference curve is convex to the origin
• C) His indifference curve is concave to the origin
• D) A and C

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Definitions:

Self-fulfilling Prophecy

A belief or expectation that influences one's behavior in a way that causes the belief to become true.

Legitimizing Myths

Ideologies or widespread beliefs that justify the social arrangements and practices of a society, often serving to maintain power structures and inequalities.

Gender Inequality

The disparity in status, opportunities, and treatment between people based on their gender.

Traditionally Feminine

Characteristics or behaviors that are culturally associated with being female.