***Can you please show me how to answer these. I don't know how to justify my answer.***

You have learned about a number of ways of reducing risk, specically hedging, insuring, and diversifying. In the table below, place an X in the cell for the technique being used to reduce risk. Hedging Insuring Diversifyin Q 1 Placing an advance order with Amazon.ca, which agrees to charge you the lower of the advance price, and the price at the time your order is filled. 2 Purchasing a call option on a stock you think may go up in price. 3 Selling 200 shares of IBM and buying a mutual fund that holds the same stocks as the S&P index. 4 Selling a debt owed to you for $.50 per dollar owed. 5 Agreeing to a long-term contract with a supplier at a fixed price. 6 Agreeing to a no-trade clause with the sports team that employs you. 7 Buying a Mac and a PC. 8 Paying a clown to perform for your child's birthday party six months before the birthday