Rapid inflation, cyclical unemployment, war, hurricanes, and floods are all examples of non-diversifiable risk
This is a kind of risk that affects the macro economy or large numbers of persons or groups within the economy and as a result cannot be eliminated via diversification
Answer:
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This would be the definition of an obligation.
The spoils system was created to reward or "spoil" representatives who voted for Jackson's policies.
In political science, the expression "spoils system" describes a practice by which the political parties of the government distribute among their own militants and sympathizers institutional positions and positions of power. Although the general line of this political behavior has its basis in the system of political clientelism, the expression "spoils system" does not imply a negative connotation, that is to say, that such distribution of positions is necessarily abusive. In other words, it is a morally neutral expression that describes a formally recognized and openly applied practice, in certain historical periods, both in the United States and in other countries.
