Statistical Discrimination in the Automobile Insurance Industry Means That Young

question 65

Multiple Choice

Statistical discrimination in the automobile insurance industry means that young male drivers that drive __________ will pay __________ rates relative to the claims they generate.

• A)carefully;lower
• B)recklessly;higher
• C)carefully;higher
• D)slowly;lower

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Definitions:

Pillars

Structural supports used in construction that also symbolize foundational principles or core values in various contexts, such as culture, religion, or philosophy.

Scientific Revolutions

Periods of transformative change in scientific thought and practice, leading to new paradigms and understandings.

Democratic Revolutions

Political movements aimed at overthrowing authoritarian regimes in favor of establishing societies based on democratic principles and institutions.

Industrial Revolutions

Periods of major industrialization that transformed economies, societies, and manufacturing processes, starting in the late 18th century.