Risk pooling:
A. reduces the chances of catastrophes happening.
B. lowers the costs of catastrophes when they occur.
C. allows individuals the peace of mind that they will never have to pay the full expense of a catastrophe if it hits them.
D. All of these statements are true.
C. allows individuals the peace of mind that they will never have to pay the full expense of a catastrophe if it hits them.
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The IBRD part of the World Bank is set up to lend to whom and for what types of projects?
What will be an ideal response?
Average Fixed Cost is the
a. horizontal distance (at any particular cost level) between ATC and AVC b. vertical distance (at any particular quantity) between ATC and AVC c. vertical distance (at any particular quantity) between ATC and the horizontal axis d. vertical distance (at any particular quantity) between AVC and the horizontal axis e. horizontal distance (at any particular cost level) between ATC and the vertical axis