Explain the meaning of biological assets and agricultural produce.Classify each of the following items as: biological asset,agricultural produce,or neither.
Definitions:
Disability Insurance
A type of insurance that provides income to individuals who are unable to work due to a disability.
Expected Utility
A concept in economics and game theory that represents an individual's preference for certain outcomes over others, calculated as a weighted average of the utility of all possible outcomes.
Bet
A wager or agreement between two or more parties predicting the outcome of a specified event or situation, often involving money or assets at risk.
Super Bowl
An annual championship game of the National Football League (NFL) in the United States, renowned for its high viewership and elaborate halftime shows.
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