If Someone Has Strictly Convex Preferences Between All Contingent Commodity

question 8

True/False

If someone has strictly convex preferences between all contingent commodity bundles, then he or she must be risk averse.

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Definitions:

Provincial Court

A lower level court in Canada that handles less serious criminal offenses, family law (excluding divorce), and small claims.

Civilly Sued

The process of bringing a lawsuit in civil court to seek remedy for a wrongdoing that does not necessarily constitute a criminal offense.

Question of Law

An issue that concerns the interpretation or application of the law.

Automobile Accident

A collision involving one or more vehicles, which can result in physical injuries, property damage, and legal implications.