A random adverse event is an event that has a(n) ________ probability and is associated with a ________ outcome.
A) known; positive
B) known; negative
C) unknown; negative
D) unknown; positive
C) unknown; negative
You might also like to view...
The income elasticity for cars is high. During the late 1960s, some U.S. citizens experienced a decrease in their real incomes. Consequently, they purchased
(a) more expensive U.S. cars. (b) more foreign imports due to their relatively low costs. (c) used U.S. cars in order to avoid foreign imports. (d) U.S. cars of any type to avoid foreign imports.
The provision of an education in public school is
A) exclusive and rival. B) exclusive and non-rival. C) nonexclusive and non-rival. D) nonexclusive and rival. E) a public good, regardless of exclusivity and rivalness.
Monopolies will tend to produce a greater quantity and charge higher prices than perfectly competitive industries
a. True b. False Indicate whether the statement is true or false
Refer to the given figure.
________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Falling; B: C B. Rising; A; C C. Falling; A; C D. Rising; A