Risk is:
A. when the costs or benefits of an event or choice are uncertain.
B. why the changing value of money is such a challenge.
C. to always be avoided, at any cost.
D. None of these statements is true.
A. when the costs or benefits of an event or choice are uncertain.
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Which one factor below does not influence how a resource should be allocated over time to maximize economic efficiency?
a. Guaranteeing sufficient supplies for future users b. The discount rate c. The future marginal net benefit curve d. The current marginal net benefit curve e. The supply of the resource
The real minimum wage has increased significantly over the last 40 years.
Answer the following statement true (T) or false (F)
The nominal rate of interest is the difference between the real rate and the expected rate of inflation.
Answer the following statement true (T) or false (F)
"As the price of gasoline rises, the demand for gasoline will fall." That statement is
What will be an ideal response?