When is an outcome risky?
What will be an ideal response?
An outcome is risky if it is not known with certainty in advance. Risk is not necessarily bad; risk can exist even if all of the outcomes are "good" outcomes.
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The growth successes of the high performance Asian economies
A) supports the belief that economic development requires import substitution policies. B) rejects the belief that export-oriented industrialization is likely to promote economic development. C) rejects the belief that economic development requires import substitution policies. D) suggests that free trade policies are required for successful economic development. E) enforces United States' hesitation to trade with developing countries.
An upward-sloping yield curve suggests that financial market participants expect short-term interest rates will
A) rise in the future. B) fall in the future. C) be unstable in the future. D) not change in the future. E) be equal to zero in the future.