Buying Insurance and Then Never Making a Claim

question 11

Multiple Choice

Buying insurance and then never making a claim:

• A) is considered by economists to be irrational behavior.
• B) means buying the insurance was a bad decision.
• C) does not mean buying the insurance was a bad decision.
• D) is a poor use of money.

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Definitions:

Health Care

A system involving the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans.

Employment

The condition of having paid work or the process of hiring someone for a job.

Homework Assignments

Tasks assigned to students to be completed outside of class time to reinforce learning, practice skills, or prepare for future lessons.

Longer-term Goals

Objectives or targets set to be achieved over an extended period, typically beyond one year.