Please use the utility function to explain what is risk aversion, risk preference and risk neutrality.

In marine cargo insurance business, general average (). A: is a kind of partial loss B: is a total loss C: sometimes is partial loss and sometimes is total loss D: is a constructive total loss

Selling a risky asset before the loss occurs (selling a risky stock) A: Loss control B: Loss retention C: Loss prevention D: Risk transfer

Total loss refers to the loss of the entire value of the subject

While in New York, Sara developed a __________ for oil painting. A: passion B: amateur C: tranquility D: aversion

（ ） is not covered by an FPA policy。 A: Total loss caused by heavy weather B: Loss caused by the carrying vessel's strand C: Loss due to theft D: Loss caused by War

Individual's<br/>risk aversion degree decides specific allocation between a risky<br/>portfolio and a risk-free asset. ( )

For a gas turbine engine, Active Clearance Control (ACC) for turbine would : A: Reduce mechanical loss B: Reduce heat loss C: Reduce clearance loss

The major osmoregulatory problems of saltwater fishes are ( ). A: water gain and salt loss B: water loss and salt gain C: water gain and salt gain D: water loss and salt loss E: nonexistent because freshwater fishes are isosmotic to their environment

Some old people have an aversion to Rock and Roll because they can________ somuch noise. A: sustain B: entertain C: endure D: admire