Insurance Works By

question 39

Multiple Choice

Insurance works by:

• A) turning risk into uncertainty
• B) eliminating risk
• C) pooling risk across households and farms
• D) buying risky contracts

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Definitions:

Plasticity

The brain's ability to modify and adjust its structure and functions based on new experiences, education, or after sustaining damage.

Resilience

The ability to withstand or recover quickly from difficult conditions or to successfully adapt to adversity.

Sensitive Periods

Times in development when a person is particularly open to certain kinds of experiences.

Plasticity

The capability of the brain to transform and evolve due to experiences, educational inputs, or following a trauma.