Empires

question 25

Multiple Choice

Empires

• A)are collections of different regions held together by force.
• B)are always controlled by a publicly elected magistrate.
• C)are always federally controlled, with individual states.
• D)are usually micro-states collected into a large entity.

---

Definitions:

Diversification

An approach that involves putting money into different types of assets to minimize the total risk.

Insurance Monies

Funds paid out by insurance companies to policyholders in the event of a claim for loss or damage covered by a policy.

Adverse Selection

A situation in markets where buyers or sellers have information that other participants do not have, leading to an inefficient transaction outcome.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another.