Think of a real or made up but realistic example of a pure risk that you or someone you know may face, and then answer the questions below.
describe the specific risk. (1-3 sentences. 0.5 points)
what sort of negative outcomes are possible for this type of risk? (1-3 sentences. 1.0 points)
would this risk be likely to create unexpected expenses? why or why not? (1-3 sentences. 1.0 points)
describe at least one way you could protect yourself against this risk. (1-3 sentences. 1.0 points)

Select the correct answers. mila is at a flea market. she has $50 in her wallet. she decides that she will spend $15 on jewelry, $20 on a pair of jeans, $5 on a t-shirt, and $10 on something to eat. she likes a one-of-a-kind t-shirt, but the seller is not ready to sell it for less than $8. she thinks of five ways to deal with this situation. which two choices indicate a trade-off?

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Amanda works as an industrial designer