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An Individual Is More Likely to Take Out Insurance When

Question 5

Multiple Choice

An individual is more likely to take out insurance when:

A) The individual believes that he or she is at less risk for a negative occurrence than the population at large and the insurance cost has not been raised for that increased occurrence
B) The individual believes that he or she is at less risk for a negative occurrence than the population at large and the insurance cost has been raised for that increased occurrence
C) The individual believes that he or she is at more risk for a negative occurrence than the population at large and the insurance cost has not been raised for that increased occurrence
D) The individual believes that he or she is at more risk for a negative occurrence than the population at large and the insurance cost has been raised for that increased occurrence
E) None of the above

Correct Answer: