Suppose a blackjack gambler approaches an insurance company and seeks to purchase an insurance policy that his next trip to Reno, NV will not net $10,000. The insurance company
A) will sell her an insurance policy because the proposal entails uncertainty not risk.
B) will sell her an insurance policy because the proposal entails risk not uncertainty.
C) will not sell her an insurance policy because the proposal entails uncertainty not risk.
D) will not sell her an insurance policy because the proposal entails risk not uncertainty.
C
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Which of the following factors is the most significant in determining the pattern of international trade?
a. absolute advantage b. diplomatic expertise c. comparative advantage d. overpowering military strength e. a country's size relative to another country's
Which of the following statements is false?
A) Discouraged workers are a subset of a larger group termed marginally attached workers. B) Discouraged workers are counted as unemployed in the official unemployment rate calculation. C) A person is considered underemployed if he is working at a job for which his skills far exceed the skills required for his job. D) People who are underemployed are not counted as unemployed.
Which of the following is true regarding the effect of deficits from 1980 to 2005 in the United States?
A. They did not lead to substantial inflation because the Fed did not monetize the deficits. B. They did not lead to substantial inflation because the Fed did monetize the deficits. C. They led to substantial inflation because the Fed did not monetize the deficits. D. They led to substantial inflation because the Fed did monetize the deficits.
According to your textbook, it is best to view "the market" as
A) a person. B) a place. C) a thing. D) a process of plan coordination among buyers and sellers. E) a highly complicated series of exchanges, which can only be coordinated by the efforts of economists and other experts in government.