Which of the following entities can diversify risk?
A. Corporations
B. Insurance companies
C. Individuals
D. All of these entities can diversify risk.
Answer: D
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What is the Haig-Simons definition of income? Are there any practical problems in implementing the Haig-Simons definition?
What will be an ideal response?
As the reserve ratio increases, the money multiplier
A. increases. B. decreases. C. does not change. D. None of the above is correct..
One of the objectives of the health-care reform bills passed in March 2010 was to bring _____________ people into the pool of insured persons so that insurance policies would become ________________. However, provisions in the bill are likely to make the average cost of an insurance policy _____________ than it would have been without reform
A) fewer; cheaper; lower B) fewer; more expensive; lower C) more; cheaper; lower D) more; cheaper; higher E) none of the above
Any combination of goods that can be produced with currently available resources is an:
A. inefficient point. B. attainable point. C. efficient point. D. attainable and efficient point.