Answer:
Jorge is not risk-averse
Explanation:
Risk averse means to reluctant to take risk
Since theres a 80% chance that Jorge will get laid off and end up with a job that will pay him $10000 less is very risky instead where he'll earn $30000 where the chance is 20% that he'll get the job.
Answer:
C
Explanation:
The president appoints a nominee to a judgeship, and then the Senate confirms the nominee.
Answer: Budget Constraint
Explanation: Because from the Question we can see that brain needs $50,000 for his research but was dropped to $30,000 , so the $20,000 not given is the budget constraint .
Answer:
The correct answer is letter "C": The budget outlines a specific course of action for the coming period.
Explanation:
Budgets are estimates of the expenditures a firm expects over a certain period. They serve as tools to measure the amount of money the company should use to conduct its different activities. In most cases, managers of each department within an organization handle their own budgets to be provided to the central department in charge of budgeting the overall firm budget which will approve or adjust the unit's budget.
For the market to reach equilibrium, you would expect prices to rise.
<h3>What is a shortage?</h3>
A shortage exists when quantity demanded exceeds quantity supplied. This is because price is below equilibrium price. Equilibrium price is the price at which quantity demanded is equal to quantity supplied.
For a shortage to be resolved, prices would rise until equilibrium price is reached.
To learn more about equilibrium, please check: brainly.com/question/26075805
