Which of the Following Was the "Blank Check" Effect

question 13

Multiple Choice

Which of the following was the "blank check" effect?

• A)Assuring Russia a sufficient supply of guns if it was attacked by Germany and Austria
• B)Private business's response to the outbreak of war signaling their total support
• C)Encouraging Austria of Germany's support in any attack on Serbia

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Definitions:

Large Risks

Exposures to significant potential losses or gains, often requiring careful assessment and management in decision-making processes.

Small Risks

Risks that have a minor potential impact or a very low probability of occurring.

Fair Coin

A coin that has an equal likelihood of landing on heads or tails when flipped, symbolizing a 50/50 chance in probability terms.

Consecutive Tails

A term referring to the occurrence of the tails side of a coin showing up multiple times in a row during coin tosses.