Redistribution can be thought of as insurance because _____.
A)those with low incomes often do not think of purchasing insurance
B)those with low incomes cannot afford insurance
C)individuals want to protect themselves from the small probability that they might become impoverished
D)a and b

Question

Quizplus · Accepted Answer

Redistribution can be seen as a form of insurance because individuals contribute to a system that helps protect them against the risk of falling into poverty, which is a relatively low-probability event but with potentially severe consequences.

Redistribution Can Be Thought of as Insurance Because _____