Insurers Can Estimate Fairly Accurately the Amount They Will Have

question 21

True/False

Insurers can estimate fairly accurately the amount they will have to pay if they insure the members of a particular group.

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Definitions:

Defense Department

A sector of a government responsible for implementing defense policy, managing the armed forces, and ensuring national security.

Marshall Plan

An American initiative passed in 1948 to aid Western Europe, in which the United States gave over $12 billion in economic assistance to help rebuild Western European economies after the end of World War II.

Capitalist

An individual who possesses capital, particularly financial assets, and engages in the investment and management of these assets with the aim of generating profit.