Look at the Utility Function Graphed Below and Select the Type

question 48

Multiple Choice

Look at the utility function graphed below and select the type of decision maker that corresponds to the graph.

• A) risk neutral
• B) risk taker
• C) risk averter
• D) risk player

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Definitions:

Racial Prejudice

Preconceived judgment or opinion, often negative, directed toward people because of their race.

Stereotype

A fixed, overgeneralized belief about a particular group or class of people.

African Americans

An ethnic group in the United States with ancestral roots in Africa, primarily those whose ancestors were enslaved and brought to the US.

Homemaker

A person, especially a housewife, who manages the household, including caring for the family and performing domestic chores.