If a Person Requires Greater Return When Risk Increases, That

question 6

Multiple Choice

If a person requires greater return when risk increases, that person is said to be:

• A)risk seeking
• B)risk averse
• C)risk aware
• D)risk indifferent
• E)none of the above

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Definitions:

Industrialization

The process of transforming economies from primarily agrarian to one based on the mass production of goods, typically through mechanization.

Countryside

refers to rural areas characterized by open and natural landscapes, lower population density, and primarily agricultural or pastoral activities, as opposed to urban regions.

City

A large and densely populated urban area; it may serve as a political, economic, educational, and cultural center.

Technological Advances

Technological advances refer to the progress and innovations in technology that enhance efficiency, productivity, and the quality of life.