Buying Insurance is similar to A- SELLING RISKS B- IRRATIONALLY AVOIDING LIFE RISKS C BUYING RISK...

Buying Insurance is similar to

A- SELLING RISKS

B- IRRATIONALLY AVOIDING LIFE RISKS

C BUYING RISK

D BEING A FREE RIDER

E eliminating risks

Solutions

Expert Solution

Ans.- (E)

Buying insurance is similar to eliminating risk this is because once you are insured, you will be paid for the loss by insurance company. Thus, your risk has been eliminated by the insurance company.

Rahul Sunny answered 1 year ago

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