Jaime Buys Home Insurance, but Never Ends Up Making a Claim

question 61

Multiple Choice

Jaime buys home insurance, but never ends up making a claim. What can be said about Jaime's decision to buy home insurance?

• A)It is considered by economists to be irrational behavior.
• B)Buying the insurance was a bad decision.
• C)Buying the insurance was not necessarily a bad decision.
• D)It is a poor use of money.

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