If an Insurance Company Must Charge All Customers a Uniform

question 23

Multiple Choice

If an insurance company must charge all customers a uniform rate that reflects the average cost of insuring any individual in the population, this average cost will be too _______ to attract _______ risks but too _______ to fully cover the losses produced by the _______ risks.

• A) high, bad, low, good
• B) high, good, low, bad
• C) low, good, high, bad

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Definitions:

Abundant Opportunities

A situation in which there are numerous possibilities available to pursue, often related to employment, investment, or personal growth.

Burglary

The unlawful entry into a building or other location with the intent to commit theft or any felony.

10-11 P.M.

A time slot in the late evening, often associated with adult-oriented television programming or the hour before midnight.

4-5 A.M.

A time period in the early morning often considered quiet and still, sometimes associated with spiritual or reflective practices.