If You Would Refuse to Engage in a Business Activity

question 96

Multiple Choice

If you would refuse to engage in a business activity that gives you a 50-50 chance of making a $100 net profit or making a $100 net loss,economists would describe you as a:

• A) risk-loving person.
• B) risk-averse person.
• C) risk-neutral person.
• D) risk-creating person.
• E) fair-gambled person.

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Definitions:

Microvilli

Minute projections from the surface of some cells, increasing surface area and facilitating absorption, such as in the intestines.

Goblet Cells

Epithelial cells found in the respiratory and intestinal tracts that secrete mucus to lubricate and protect the linings.

Small Intestine

The part of the gastrointestinal tract between the stomach and the large intestine, where most of the digestion and absorption of food takes place.

Root

The part of a plant that typically grows underground, secures the plant in the soil, and absorbs minerals and water.