For Which of the Following Events Is the Consumption-Smoothing Benefit

question 39

Multiple Choice

For which of the following events is the consumption-smoothing benefit from first-dollar coverage small?

• A) predictable events
• B) costly events that occur only very infrequently
• C) events such as serious injuries from car accidents
• D) injuries that are caused by the negligence of other people

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Definitions:

Wholesale

The selling of goods in large quantities at lower prices, typically to be retailed by others.

Compute

To calculate or process information, typically using a computer.

12-Gauge Copper

12-Gauge Copper is a specific size of copper wire, often used in electrical wiring, characterized by its diameter and carrying capacity.

Electrical Wire

Conductor material used to make electrical connections and transmit electrical power or signals.