Other things being equal expected income can be used as a direct-09047
Other things being equal, expected income can be used as a direct measure of well-being:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.10.
Other things being equal, expected income can be used as a direct measure of well-being:
No matter what a person's preference to risk.
If and only if individuals are not risk-loving.
If and only if individuals are risk averse.
If and only if individuals are risk neutral.
