ECO401 Paper

ECO401. Paper Fall 2009

It contained total 41 questions, out of which:

40 MCQs of marks 1 each.
1 long question of marks 10.

*Long question was:*

A. Differentiate between risk and uncertainty.
B. What would the risk neutral person, risk averse person and risk
loving person do in the following cases?
o If Odds Ratio > 1
o If Odds Ratio = 1
o If Odds Ratio <>