Consider two upward sloping income-utility curves with income on the horizontal axis. The steeper curve represents risk preferences that are more:
A) risk averse.
B) risk loving.
C) loss averting.
D) We cannot answer this question without more information about the shapes of the curves.

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The Answer of Consider two upward sloping income-utility curves with income on the horizontal axis. The steeper curve represents risk preferences that are more:
A) risk averse.
B) risk loving.
C) loss averting.
D) We cannot answer this question without more information about the shapes of the curves.

Consider Two Upward Sloping Income-Utility Curves with Income on the Horizontal