From the standpoint of the economy as a whole, the role of insurance is not to eliminate the risks inherent in life but to
A) pay for them.
B) spread them around more efficiently.
C) find good uses for them.
D) make do with them.
Correct Answer:
Verified
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Q30: The general feature of insurance contracts is
Q31: Diversification has the advantage of
A) reducing expected
Q32: Idiosyncratic risk is the
A) uncertainty associated with
Q33: Which of the following statements is true?
A)
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