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Author Question: Insurance works best in situations where there is a. a high probability of a small loss. b. a low ... (Read 85 times)

renzo156

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on: Jul 1, 2018
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.


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SomethingSomething

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

d


renzo156

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

raili21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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