If All the Students in Your Class Pool Their Money

question 105

Multiple Choice

If all the students in your class pool their money in order to buy one bond and share its return accordingly, in order to eliminate transaction costs, this is an example of ________.

• A) economies of scale
• B) cooperative game
• C) risk sharing
• D) moral hazard

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Definitions:

Teamsters

Refers to members of the International Brotherhood of Teamsters, a labor union in the United States and Canada primarily representing workers in the transport and logistics industries.

American Federation

Refers to various unions or federations in the United States that represent the interests of their members, such as the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO).

Christian Coalition

A conservative political organization in the United States that seeks to mobilize Christians in support of conservative political candidates and issues.

Ideological Group

A collection of individuals who share common beliefs, values, and goals, aiming to influence public policy or societal norms.