When future events cannot be assigned probabilities, we are talking about
A) risk.
B) uncertainty.
C) a clouded future.
D) financial risk.
B
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When does the burden of a tax imposed on a good fall more heavily on sellers?
What will be an ideal response?
"If firms in duopoly collude and operate as a monopoly, the industry produces more output compared to the Nash equilibrium." True or false? Explain
What will be an ideal response?
If Healthy Bars agrees to sell its snack bars to a large grocery chain on the contractual condition that the grocery chain does not sell any of Healthy Bars' competitors' snack bars, this is an example of ________.
A) a horizontal contract B) a tying arrangement C) a requirements contract D) an exclusive dealing contract
Which of the following is true about the basis?
A. It tends to be less predictable than the cash price. B. It can be negative or positive. C. It is fairly consistent seasonally over time. D. B and C are correct