Which of the Following Is Correct Concerning a Risk-Averse Person

question 21

Multiple Choice

Which of the following is correct concerning a risk-averse person?

• A)She would not play games where the probability of winning and losing a dollar are the same.
• B)She might not buy health insurance if she thinks her risks are low.
• C)Her marginal utility of wealth decreases as her income increases.
• D)All of the above are correct.

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Definitions:

Entrepreneurship Educators

Individuals or institutions dedicated to teaching and training aspiring entrepreneurs, covering aspects of business creation, management, and innovation.

Expertise, Wisdom

The comprehensive knowledge or skill in a particular area combined with the judgement and experience to use such knowledge wisely.

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An informal term possibly referring to the collective intelligence or cognitive abilities of the members of an educational institution's faculty.

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