7-If you buy a Keno ticket that has a 10% chance of winning $1,000 and 95% chance of winning nothing, the expected value of the winning ticket is:

Group of answer choices

$950

$500

0

$100

$50

8-Equilibrium, in a perfectly competitive labor market, mirrors that the wage rate is not, mathematically, equal to the marginal revenue product.

Group of answer choices

True

False

9-Risk preference is tautologically know as:

Group of answer choices

Risk Neutrality

Risk Aversion

Risk Preference

Moral Hazard

10-The rate of return on capital may equivalently proportionally (hint = %) be expressed in terms of a percentage annual interest rate.

Group of answer choices

True

False

11-Purchasing a foreign currency overseas at a low price and reselling it in the US market at a higher price is dubbed:

Group of answer choices

Currency Arbitrage

Leveraging

Credit Default Swap

Moral Hazard

12-One advantage of a corporation C, legal business formation is the unlimited life of the company or firm.

Group of answer choices

True

False