As a General Rule,only ______ Is Insurable

question 64

Multiple Choice

As a general rule,only ______ is insurable.

• A)business risk
• B)market risk
• C)pure risk
• D)risk

---

Definitions:

Efficient Recycling

The process of collecting, processing, and reusing materials in the most cost-effective, environmentally friendly, and resource-efficient manner.

Scrap

Discarded waste material, especially metal suitable for reprocessing or remnants from manufacturing processes.

Welfare Losses

Economic inefficiencies that occur when there is a divergence from optimal supply and demand conditions, leading to a net loss in social welfare.

MSC

Marginal Social Cost; the total cost to society of producing an additional unit of a good, including both private costs and any external costs.