Indicate whether the statement is True, False, or Uncertain, and explain your answer clearly and concisely. Points depend entirely on the quality of your explanation.

1. Max loves risk and this, in fact, is his favorite part of any job. T/F/U: Therefore, Max's indifference curves for a risky job will slope downward and will be steep. (Illustrate your answer using a graph.)

2. The finding that individuals who graduate from Training Program A (a six month government training course) have 10% higher earnings in the year following program completion than in the year prior to program entry means that Training Program A is a successful program.