Suppose a senior college football player approaches an insurance company and seeks to purchase an insurance policy against him receiving a career-ending injury. The insurance company
A) will sell him an insurance policy because the proposal entails uncertainty not risk.
B) will sell him an insurance policy because the proposal entails risk not uncertainty.
C) will not sell him an insurance policy because the proposal entails uncertainty not risk.
D) will not sell him an insurance policy because the proposal entails risk not uncertainty.
B
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If official reserves increase, then we know that the
A) capital and financial account is positive. B) official settlements account balance is negative. C) capital and financial account and the current account must sum to zero. D) capital and financial account is negative. E) official settlements account balance is positive.
At the peak of a business cycle, employment and GDP are
a. at their lowest b. at their highest c. rising d. falling e. it is impossible to state for certain what is happening to employment and GDP