In Economics, a Lottery Is

question 2

Multiple Choice

In economics, a lottery is:

• A)the likelihood that a particular outcome occurs.
• B)a depiction of all possible outcomes of an event and their associated probabilities.
• C)any event for which the outcome is uncertain.
• D)a measure of risk associated with some event.

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Definitions:

Inherited

Passed down genetically from parents to their offspring, referring to traits, conditions, or predispositions.

Nipple

A small projection from the breast or mammary glands through which milk is delivered to an infant.

Cheek

The fleshy part of the face below the eye and between the nose and ear, used for expressing emotions and tasting food.

Product Departmentation

An organizational structure method where a business is divided into smaller groups based on its products or product lines.