In making decisions about insurance:
A. you must consider it in light of the best information available at the time.
B. using hindsight is the only way to truly know what the right decision was.
C. you need to weigh the cost of the insurance against the benefit of payouts over the life of the contract.
D. None of these statements is true.
Answer: A
You might also like to view...
Commitment devices are necessary when:
A. people cannot correctly identify their dominant strategy. B. following through on a threat or promise is not in a player's best interest. C. players cannot trust that other players will avoid playing a dominated strategy. D. commitments cannot be purchased.
The mutual relationship between two events is known as ________, and when one event is responsible for the other even happening, this is known as ________
A) causation; correlation B) correlation; causation C) symbiosis; correlation D) causation; symbiosis
Is a typical person likely to gather more information when buying a new computer or when voting for a member of the U.S. Senate? Why?
What will be an ideal response?
When the IMF requires a country to implement policy changes in order to receive a loan
A) it is called IMF conditionality. B) most countries reject the loans. C) it means that the IMF will lower that country's quota. D) the IMF must be using one of its financing facilities.