The minimum level of income per person that is generally necessary for the individual to obtain enough calories, shelter, and clothing to survive is referred to as:

Multinational companies can easily apply identical production methods in different countries and obtain the same results

Indicate whether the statement is true or false

An insurance policy is a contract that:

a. benefits the parties if they have the same degrees of risk aversion. b. benefits the parties if both of them are risk neutral. c. benefits the parties if they have different degrees of risk aversion. d. benefits the parties if either of them is risk neutral.