Risk Pooling Occurs When

question 124

Multiple Choice

Risk pooling occurs when:

• A)people organize themselves into a group to collectively absorb the cost of the risk faced by each individual.
• B)people organize themselves into groups according to how risk-averse they are.
• C)people organize themselves into groups according to recognizable characteristics.
• D)companies organize individuals into groups according to how risk-averse they are.

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Definitions:

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Feminist Movement

A series of political campaigns for reforms on issues such as reproductive rights, domestic violence, maternity leave, equal pay, women's suffrage, and sexual harassment.

Drafted

Selected or conscripted for military service, or more broadly, chosen for a specific task or duty.

Decent Housing

Housing that is safe, affordable, and appropriate for the residents, meeting basic living standards.