Insurance companies create wealth by
a. reducing the amount of risk that the risk averse must bear
b. reducing the amount of risk that risk lovers must bear
c. increasing the amount of risk that the risk averse must bear
d. increasing the amount of risk that risk lovers must bear
a
Economics
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The way we know what commodities are relatively scarce or abundant is through
A) transaction costs. B) prices. C) price ceilings. D) price floors.
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