Many people do NOT fully insure against risk because
A) they are risk averse.
B) the insurance companies are all crooks.
C) the insurance offered is less than fair.
D) the insurance offered is more than fair.
C
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Discount loans intended for banks that are not financially healthy are called
A) primary credit. B) secondary credit. C) seasonal credit. D) repo loans.
The maximum contaminant level goals (MCLGs)
a. define the pollutant level at which no known or expected health effects arise, allowing for a margin of safety b. are enforceable standards c. are unrelated to the maximum contaminant levels (MCLs) d. all of the above
If a firm is losing money, this implies that
a. consumers do not understand the value of the product. b. the value of the resources used to make the product is being reduced. c. the firm must go out of business immediately. d. this product cannot be produced profitably in the long run.
Relative to a profit-maximizing competitively organized industry that is producing 3,000 units of output at a price of $5 per unit, a monopoly under the same circumstances would produce ________ units of output and charge a price of ________ per unit.
A. less than 3,000; more than $5 B. less than 3,000; less than $5 C. 3,000; $5 D. more than 3,000; more than $5