The more risk averse someone is, the more they are willing to pay, past the _____________________, to insure against the uncertainty of loss
Fill in the blank(s) with the appropriate word(s).
Answer: fair insurance price
Economics
You might also like to view...
Limited liability is a characteristic of
A) partnerships only. B) corporations only. C) partnerships and proprietorships only. D) proprietorships only.
Economics
A teenager without a high school diploma is unable to find work because all of the available jobs require a certain minimum reading skill level which he is not proficient in. Which of the following best characterizes the teenager's circumstances?
A. Structurally unemployed. B. Underemployed. C. A discouraged worker. D. Phantom unemployed.
Economics