The Opportunity to Engage in Pooling Shifts the Curve of Insurance

question 197

Multiple Choice

The opportunity to engage in pooling shifts the curve of insurance to the right; insurance companies will take on ________ risk and charge a premium than without
Pooling.

• A)supply; more; lower
• B)demand; more; lower
• C)supply; less; higher
• D)demand; less; higher

---

Definitions:

Best Interests

A standard or principle often used in legal and ethical contexts to determine the most beneficial outcome for an individual, typically in the context of medical, familial, or fiduciary decisions.

Labor Force

The total number of people both employed and actively seeking employment within an economy.

Opportunity Cost

The cost of missing out on the best available alternative due to a decision.

Married Women

Women who are legally united in marriage to a spouse, with the conjugal status impacting various legal, social, and economic considerations.