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

Author Question: An example of an activity that is likely to generate benefit (positive) externality is A) a well ... (Read 62 times)

panfilo

  • Hero Member
  • *****
  • Posts: 572
An example of an activity that is likely to generate benefit (positive) externality is
 
  A) a well manicured lawn of your neighbor.
  B) growing wild flowers on city street islands.
  C) fireworks on the 4th of July.
  D) an educated workforce.
  E) All of the above

Question 2

Explain why risk can be insured against but uncertainty cannot.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ladyjames123

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

E

Answer to Question 2

The provider of insurance policies can assign probabilities to the occurrences of insurable events and calculate premium rates to charge. With uncertainty, no probabilities can be attached to such events and it isn't possible to construct the appropriate premium rates.




panfilo

  • Member
  • Posts: 572
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

For a complete list of videos, visit our video library