List, describe and give at least one example of each of the
three types of taxes that we pay. And answer: Which do you think
are fair or unfair and why?
1. What are the three types of risk? Give an example for each. 2. List the four steps in planning for your insurance program. 3.
Outline a personal insurance plan with the following phases: a)
Identify personal, financial and property risks; b) Set goals you
might achieve when obtaining needed insurance coverages; and c)
Describe actions you might take to achieve these insurance
goals.
List and give a real life example of each of the four
types of market failure (i.e. the reasons that we need government
intervention).
Public Goods
Externalities
Market power (monopolies)
Inequities