People buy insurance
a. because they are risk averse.
b. to defer consumption.
c. because of externalities.
d. to maximize their welfare.
e. to ensure against poor health.
A
Economics
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Keynes' speculative demand for money arises because
A) individuals are continually trying to maximize their wealth and income. B) money is necessary to finance transactions. C) there are costs to switching between money and interest-earning assets. D) capital gains on bonds held can be made when interest rates are rising.
Economics
Which of the following is not an example of a public good that the government has made excludable?
A. State colleges. B. Toll roads. C. City buses. D. Fire Protection.
Economics