Catherine Is Risk Averse

question 53

Multiple Choice

Catherine is risk averse.When faced with a choice between a gamble and a certain level of wealth she will

• A) always prefer the gamble.
• B) always prefer the certain level of wealth.
• C) prefer the gamble if the expected utility from it is higher than the utility from the certain level of wealth.
• D) prefer the certain level of wealth if the expected utility from the gamble is higher than the utility of the certain level of wealth.

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Definitions:

Ductus Deferens

A tube that carries sperm from the epididymis to the ejaculatory ducts in preparation for ejaculation.

Epididymis

A coiled tube at the back of the testis where sperm mature and are stored.

Urethra

The tube that conducts urine from the bladder to the outside of the body in both males and females and also transports semen in males.

Membranous Urethra

The portion of the urethra that passes through the urogenital diaphragm, extending from the prostatic urethra to the spongy urethra.