A Micropolitan Statistical Area Refers to

question 92

Multiple Choice

A micropolitan statistical area refers to

• A) a statistical area of 2.5 million people or more.
• B) a highly urbanized area with a centrally located population of at least 1,000,000 people.
• C) a cluster of exurbs that function as a single unit due to the proximity of their geographic locations to an urbanized area.
• D) a statistical area that has at least one urban cluster of at least 10,000 but less than 50,000 people and adjacent territory that has a high degree of social and economic integration.
• E) a statistical area of at least one urbanized area of 50,000 or more people and adjacent territory that has a high degree of social and economic integration.

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Definitions:

Pooling

A strong form of diversification in which an investor takes a small share of the risk in many independent events, so the payoff has very little total overall risk.

Risk Reduction

Strategies or actions implemented to minimize the probability or impact of negative events or losses.

Market for Risk

A financial market where individuals and institutions trade financial instruments to manage risk exposure.

Risk Reduction

Strategies or actions taken to minimize the potential for loss or harm in investment, business operations, or other areas of concern.