Consumers Buy Insurance Because

question 65

Multiple Choice

Consumers buy insurance because:

• A)it increases their expected utility.
• B)it decreases their current cost of living.
• C)advertising overestimates the risks they face.
• D)sales people will not leave without a deal.

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Definitions:

Due Process Clause

A constitutional guarantee under the 14th and 5th amendments that governmental actions against individuals must follow fair procedures.

Fourteenth Amendment

An amendment to the U.S. Constitution that addresses citizenship rights and equal protection under the law.

Same Sex Marriage

The legally or socially recognized marriage between two people of the same biological sex or gender identity.

Interstate Commerce

The trade, traffic, or transportation of goods, services, or money across state borders within the United States, regulated by federal law.