24) Assume that you bet £20 on the roll of a die. If the die lands with a six facing upwards you win £100, if any other number lands face-up you lose your £20. To an economist you would be operating...

24) Assume that you bet £20 on the roll of a die.  If the die lands with a six facing upwards you win £100, if any other number lands face-up you lose your £20.  To an economist you would be operating under

1. A) uncertain conditions.


2. B) conditions of risk.


3. C) a black market.


4. D) It is not possible to say from the information provided.