One Effect of Government Mandating Participation in the Auto Insurance

question 11

Multiple Choice

One effect of government mandating participation in the auto insurance market is it leads to:

• A) higher premiums for all participants.
• B) lower premiums for all participants.
• C) the collapse of the market.
• D) free coverage for some participants.

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Definitions:

Scientific Method

A systematic approach to inquiry that involves making observations, forming hypotheses, conducting experiments, and drawing conclusions.

Hypothesis

A supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Scientific Method

A systematic approach to research and experimentation used to explore observations and answer questions.

Meters

Units of length in the metric system, equivalent to 100 centimeters or approximately 39.37 inches.