Q1. Insurance works by spreading risk over - a. the uninsured b. a few people c. several insurance companies d. Many people Q2. Determining the risk associated with a particular group or activity is called - a. discounting b. risk determination c. forecasting d. underwriting

Q1. Insurance works by spreading risk over - a. the uninsured b. a few people c. several insurance companies d. Many people Q2. Determining the risk associated with a particular group or activity is called - a. discounting b. risk determination c. forecasting d. underwriting

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: The Basic Tools Of Finance

Section: Chapter Questions

Problem 4CQQ

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Question

Q1. Insurance works by spreading risk over -

	a.	the uninsured
	b.	a few people
	c.	several insurance companies
	d.	Many people

Q2.

Determining the risk associated with a particular group or activity is called -

	a.	discounting
	b.	risk determination
	c.	forecasting
	d.	underwriting

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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