Insurance works because it:
A. reallocates the costs of unforeseen events, sparing any individual from taking the full hit.
B. makes it less likely that their clients will experience unforeseen events.
C. prevents any one individual from experiencing all the unforeseen events.
D. None of these statements is true.
C. prevents any one individual from experiencing all the unforeseen events.
Economics
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A country that is borrowing more from the rest of the world than it is lending is called a
A) net debtor. B) net loaner country. C) net lender. D) net borrower. E) net creditor.
Economics
If people are willing this year to buy more of a particular good at each and every price than they were willing to buy last year, the
What will be an ideal response?
Economics