Financial instruments used primarily to transfer risk would not include:
A. home mortgages.
B. a bank loan.
C. options.
D. an insurance policy.
Answer: B
You might also like to view...
Regulation focused on the impact of production on the environment and society, the working conditions under which production occurs, or the physical attributes of goods, is known as
A) cost-of-service regulation. B) rate-of-return regulation. C) social regulation. D) monopoly regulation.
Suppose that the consumer price index (CPI) was 160 in Year X and 166 in Year Y, inflation during Year Y was approximately:
a. zero; prices were stable. b. 3.8 percent. c. 6 percent. d. 66 percent.
Which of the following could not be considered price discrimination?
A. Airlines offering super-saver fares to everyone. B. Movies offering cheap matinees. C. Senior citizen's discounts. D. The issuing of discount tickets to week-end travelers.
Who is the classical economist credited with developing the principle of comparative advantage?
a. David Ricardo b. John Maynard Keynes c. Adam Smith d. Milton Friedman