By the Close of the Pleistocene,what Was the Size of the Human

question 25

Multiple Choice

By the close of the Pleistocene,what was the size of the human population?

• A)several thousand
• B)7 billion
• C)several million
• D)1 billion

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Definitions:

Utility from Insurance

The satisfaction or utility gained by individuals from reducing uncertainty and risk in their lives through the purchase of insurance contracts.

Income Increase

Income increase refers to the rise in an individual's or household's earnings, affecting their purchasing power and consumption habits.

Fair Insurance Policy

An insurance policy for which the premium is equal to the expected value of the claim.

Risk-Averse

The characteristic of preferring to avoid risk, opting for lower but more certain returns over potential higher but uncertain returns.