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In an Ad for Insurance, the Text Reads "Life's an Adventure

question 169

Multiple Choice

In an ad for insurance, the text reads "Life's an adventure, and there are plenty of perils awaiting your jewelry: a lost or broken stone, theft, accidental loss, damage, mysterious disappearance Have you thought about insurance?" What is the economic reasoning for an individual to buy insurance?


Definitions:

Cancel

The process of nullifying or terminating an order, subscription, service, or agreement.

Causal Link

The connection or relationship between two events where one is understood to be a consequence of the other.

Occurs

Happens or takes place.

Cause

A factor or element that brings about an effect or result.

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