A Person Who Wishes to Avoid Risk Would Pick Which

question 255

Multiple Choice

A person who wishes to avoid risk would pick which of the following choices?

• A) a 100% of getting $4,000
• B) a 50% chance of winning $8,000 or a 50% chance of winning $0
• C) a 50% chance of getting $8,000, 25% chance of getting $16,000 and a 25% chance of losing $16,000
• D) All of the above are equal to a person who wishes to avoid risk.

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Definitions:

Farmland

Land used for the purpose of agricultural production, including the growing of crops and the rearing of animals.

Tropical Rain Forests

Biome near the equator characterized by high rainfall, humidity, and biodiversity.

Intermediate Disturbance Hypothesis

In community ecology, the idea that species richness is greatest at moderate levels of disturbance, which create a mosaic of habitat patches at different stages of succession.

Predation

An ecological interaction where one organism, the predator, kills and eats another organism, the prey, as a source of food.