Which of these is NOT a generally accepted means of reducing risk?

A) Diversification
B) Insurance
C) Obtaining more information
D) none of the above

D

Economics

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Employing an additional 1 billion hours of labor increases real GDP by $12 billion. Employing another 1 billion hours beyond the first 1 billion increases real GDP by $11 billion

Hence we can conclude from this information that as employment increases, real GDP A) increases at an increasing rate. B) decreases at an increasing rate. C) decreases at a decreasing rate. D) increases at a decreasing rate. E) falls from $12 billion to $11 billion as more workers are hired.

Economics

Define the following terms: a) risky outcome. b) probability

What will be an ideal response?

Economics