What is the basis for the concept of risk pooling?
a. law of averages
b. law of supply and demand
c. law of large numbers
d. law of probability

In 1990, the average income for an american worker was $1,518 per month. in 2000, the average income for an american worker was $2,632 per month. during this time period, a basket of necessities (food, housing, etc.) increased from $657 per month in 1990 to $1,402 per month in 2000. the real value of income ▼ increased decreased over that 10-year period.

Martin is managing a production line in a manufacturing plant in the midwest. martin has a quality and productivity problem in one part of the manufacturing process. he discovers that his workers aren't sure what to do. when he asks why they didn't ask questions, the universal reply is, "we midwesterners don't ask questions, we just do." martin decides to address this problem by offering recognition rewards for anyone who asks the most job-related questions each month that lead to process improvements. unfortunately, martin finds the program doesn't work. when he further questions his workers, he discovers that no one wants to be the first to ask questions. as a group, workers still feel that they should figure it out on their own and not ask questions. martin finds carmen, one of the workers that everyone else admires, and talks her into being the first to ask questions as part of the program. after about a month, several other people begin to submit questions, and soon everyone in the plant is asking questions. refer to case 6.1. martin's plan failed initially because he didn't consider the power of on attitudes.

Articles of the confederation is a good representation of a system of government.