A 16 Year Old Hacker Was Able to Access the Systems

question 8

True/False

A 16 year old hacker was able to access the systems of U.S.Missile Command and accidently launched a small nuclear missile,which fortunately,failed to detonate.

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Definitions:

Risk Aversion

The tendency of individuals to prefer outcomes with lower uncertainty over outcomes with higher uncertainty, even if the latter may offer a higher expected return.

Equilibrium Premium

The price at which the supply and demand for insurance coverage balance, setting a market rate for premiums.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the point where the supply and demand curves intersect.

Diminishing Marginal Utility

The principle that says additional units of a good or service provide less added satisfaction than previous units.