If Insurance Is Available on an Activity

question 5

Multiple Choice

If insurance is available on an activity

• A) more of that activity will occur.
• B) less of that activity will occur.
• C) investors will be less likely to hedge.
• D) it increases the risk of engaging in that activity.

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Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, arranging human needs in a hierarchy, suggesting people are motivated to fulfill basic needs before moving on to other, more advanced needs.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Physiological

Pertaining to the functions and activities of living organisms and their parts.

Phenomenology

The study of individuals’ own unique, first-person, conscious experience.