In economics, risk is said to exist when:
A) the outcome of an activity is not known with certainty.
B) the cost of producing a good exceeds its market price.
C) net present value of an outcome is positive.
D) the probability of an outcome is one.
A
Economics
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Explain the Sondra Subsidy
Please provide the best answer for the statement.
Economics
The term "rent seeking" best describes a situation in which:
A. individuals expend effort searching for a good price on an apartment. B. consumers compete for a limited quantity of the good. C. firms use resources to secure or preserve a monopoly in providing a good or service. D. None of these is a good description of rent-seeking behavior.
Economics