One Problem with Insurance Is That It Allows People to Live

question 73

True/False

One problem with insurance is that it allows people to live in flood plains. This is an example of adverse selection.

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Definitions:

Method

A specific procedure or technique used to achieve a result or conduct a study.

Tuna

A saltwater fish that belongs to the tribe Thunnini, a subset of the mackerel family, known for its speed and high-quality flesh.

Pull A Net

A fishing technique involving dragging a net through water to catch fish; can be applied in various scales from small artisanal fishing to large commercial operations.

Behind A Boat

Typically refers to water-based recreational activities where individuals are towed or ride behind a boat, such as water skiing or wakeboarding.