Most people buy insurance because they

a. are risk lovers
b. enjoy the gamble
c. are risk neutral
d. want to avoid gambles

d

Economics

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Cost-push inflation is to ________ as demand-pull inflation is to ________

A) impatience; inaccuracy B) entering; exiting C) activism; nonactivism D) fiscal; monetary E) none of the above

Economics

According to Alfred Chandler (1977), big business could be justified, at least in part, by

(a) a rapid rate of innovation among big firms. (b) periodic recessions in which alert big businessmen buy out bankrupt firms and expand operations. (c) a relatively low rate of bankruptcies among big firms. (d) its ability to take advantage of scale economies—big business could best take advantage of technology and economies resulting from large-scale production processes.

Economics