Individuals who face greater risks a. are less likely to purchase insurance b. are neither more nor less likely to purchase i

Question

vichka [17]

4 years ago

8

Individuals who face greater risks a. are less likely to purchase insurance b. are neither more nor less likely to purchase i

nsurance c. are risk neutral d. are more likely to purchase insurance

Business

1 answer:

Shalnov [3] · Answer 1 · 2022-01-15T04:02:56+03:00

Answer:

The correct answer is letter "D": are more likely to purchase insurance.

Explanation:

Risk lovers is a term used to define people who are prone to take higher risks. The opposite is represented by risk-averse individuals who keep a conservative position when it comes to risk. Risk lovers tend to gamble or engage investments with high potential for returns or losses.

<em>Risk lovers usually buy insurance to mitigate eventual losses.</em>

Individuals who face greater risks​ a. ​are less likely to purchase insurance b. ​are neither more nor less likely to purchase i

Individuals who face greater risks a. are less likely to purchase insurance b. are neither more nor less likely to purchase i