Multiple Choice
Pirates have been intensely attacking ships off the shore of Somalia this year. Boat owners have reportedly coughed up more than $30 million in ransom and insurance premiums have shot up. The pirate activity and increase in premiums means that the expected wealth of boat owners who sail near Somalia is
A) decreasing.
B) increasing.
C) staying the same.
D) decreasing only if they have insurance.
Correct Answer:

Verified
Correct Answer:
Verified
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