This topic contains a solution. Click here to go to the answer

Author Question: Insurance works best in situations where there is a. a high probability of a small loss. b. a low ... (Read 92 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
Insurance works best in situations where there is
 a. a high probability of a small loss.
  b. a low probability of a small loss.
  c. a high probability of a large loss.
  d. a low probability of a large loss.
  e. the level of probability and the size of the loss are irrelevant.

Question 2

The slope of the production possibility frontier shows
 a. how inputs must be changed to keep them fully employed.
  b. the technically efficient combinations of the two goods.
  c. how demanders are willing to trade one good for another.
  d. the opportunity cost of one good in terms of the other.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SomethingSomething

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

D

Answer to Question 2

d




renzo156

  • Member
  • Posts: 526
Reply 2 on: Jul 1, 2018
Excellent


amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

For a complete list of videos, visit our video library