Which of the following risks cannot be hedged by an insurance?
a. Exports damaged during shipment
b. Theft during movement of goods
c. An electrical fire at a warehouse
d. Decreased sales resulting from poor salesmanship
D
Economics
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The goal of a seller is primarily to:
A) maximize sales. B) maximize profits. C) minimize costs. D) minimize consumer surplus.
Economics
To say that something is scarce means that:
a. it is no longer available in stores. b. it must be conserved at any cost. c. even the government cannot supply it. d. sufficient amounts of it available only at a zero price. e. not enough is available to satisfy people's wants at a zero price.
Economics