Safety and risk are subjective concepts which depend on the following factors, except a. voluntary vs. involuntary risk b. occasional vs. frequent accidents c. delayed vs. immediate risk d. expected probability

Safety and risk are subjective concepts which depend on the following factors, except a. voluntary vs. involuntary risk b. occasional vs. frequent accidents c. delayed vs. immediate risk d. expected probability

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter2: Fundamental Economic Concepts

Section: Chapter Questions

Problem 6E

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Question

Safety and risk are subjective concepts which depend on the following
factors, except

a. voluntary vs. involuntary risk

b. occasional vs. frequent accidents
c. delayed vs. immediate risk

d. expected probability

What is the answer ?

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