Of the four countries below, which has the highest degree of income inequality?

_____________ Capital Markets Small homogeneous units (shares) of ownership in assets trade in public exchanges Many buyers and sellers Price quotes available for all to see Characterized by a high degree of liquidity Informationally efficient

Fill in the blank(s) with the appropriate word(s).

Continuing with the same vacation-insurance company from the preceding question, is there any vacation-day price that would both strictly increase the family's expected utility (compared to no insurance) and strictly increase the profits of the risk-neutral insurance company?

a. No. b. Yes, 3 or 4. c. Yes, 4. d. Yes, 4 or 5.