Which of the following statements regarding private insurance and government insurance is (are) true?
I. Private insurance programs include life and health insurance and property and liability insurance.
II. Social insurance programs are government insurance programs that are voluntary and financed entirely by contributions from covered employers.
A) I only
B) II only
C) both I and II
D) neither I nor II
Question 2
All of the following are benefits to society that result from insurance EXCEPT
A) less worry and fear.
B) elimination of moral hazard.
C) indemnification for loss.
D) loss prevention.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
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How to convert verbal statements into algebraic equations (Part 1)
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