Which of the Following Best Explains Why Approximately One-Third of Households

question 109

Multiple Choice

Which of the following best explains why approximately one-third of households in the United States do not have life insurance?

• A) People like to focus on more enjoyable events.
• B) There is no immediate financial benefit.
• C) People don't want to make the periodic payments.
• D) People don't want to think about it.

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Definitions:

Collectivist Cultures

Societies that emphasize interdependence, communal responsibilities, and the priorities of the group above personal achievements.

Individualistic Cultures

Cultures that emphasize personal achievement, independence, and self-reliance, valuing individual freedom and self-expression over communal goals.

Fundamental Attribution Error

The tendency to overestimate the effect of disposition or personality and underestimate the effect of the situation when explaining the behaviors of others.

White Americans

Individuals residing in the United States who identify as being of European, Middle Eastern, or North African descent.