If the risk associated with a particular outcome is ________, or the value of a particular outcome is ________, then cost-benefit analysis might lead people to accept too little risk
A) overestimated, overestimated
B) overestimated; underestimated
C) underestimated; overestimated
D) underestimated; underestimated
B
Economics
You might also like to view...
During periods of hyperinflation, which of the following is the most likely response of consumers?
A. Save as much as possible. B. Spend money as fast as possible. C. Invest as much as possible. D. Lend money.
Economics
When the cross elasticity of demand is _________, the goods or services are _________.
A. zero; substitutes B. negative; substitutes C. positive; complements D. positive; substitutes
Economics