Examlex
Which of the following was often true of moral reformers?
Disability Insurance
A type of insurance coverage that provides income in the event a worker is unable to perform their job due to a disability.
Fair Bet
A gambling term where the expected winnings are equal to the expected losses, meaning the bet has no advantage for either the house or the gambler.
Expected Utility
A concept in economics and decision theory that represents the average of all possible outcomes under uncertainty, weighted by their respective probabilities and the utility or satisfaction each outcome provides.
Marginal Utility
The additional satisfaction or benefit a consumer gains from consuming one more unit of a good or service.
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