When future events cannot be assigned probabilities, we are talking about A) risk. B) ...

Author Question: When future events cannot be assigned probabilities, we are talking about A) risk. B) ... (Read 21 times)

lak

Hero Member
Posts: 546

on: Jul 1, 2018

When future events cannot be assigned probabilities, we are talking about

A) risk.
B) uncertainty.
C) a clouded future.
D) financial risk.

Question 2

A person who generally drives without a seat belt on does not reveal this to his automobile insurance company before he purchases insurance. This is an example of

A) adverse selection.
B) moral hazard.
C) signaling.
D) screening.

yifu223

Sr. Member
Posts: 302

Reply #1 on: Jul 1, 2018

Answer to Question 1

B

Answer to Question 2

A

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.