NO.PZ2021030502000008
问题如下：
Which of the following statements about Large Climatic Disasters and Equity Returns is incorrect?
选项：
A. The impact on equity prices can inform financial stability assessments .
B. Large disasters have a statistically significant effect on the returns of non-life insurers in advanced economies.
C. On average, there has been a significant response of stock prices to large climatic disasters.
D. There is no significant reaction of insurers’ stock prices after large climatic disasters in emerging market .
解释：
C is correct
There has been only a modest response of stock prices to large climatic disasters。例如卡特里娜飓风导致了严重的经济后果，但美国指数没有明显下降。平均来看，股票市场只是产生了modest response, 而不是significant response。所以C选项是错误的。d没错吗？解释一下啊
