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Mr Shaikh, in Order to Help His Students Understand Aspects

question 44

Multiple Choice

Mr. Shaikh, in order to help his students understand aspects involved in creating a household budget, gets students to provide visuals, use examples, and create appropriate metaphors for concepts used in their group project. He is encouraging his students to

Evaluate the impact of risk behavior on insurance decisions and premiums.
Distinguish between high risk and low risk clients and their treatment in the insurance market.
Explain the role of deductibles, co-payments, and classification in insurance pricing.
Analyze scenarios demonstrating adverse selection and its consequences in real-life contexts.

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