Multiple Choice QuestionChanges in the general economic environment, changes in the structure of the economy, and changes in government policy are three general sources of Blank______.Multiple choice question.insurable riskuninsurable riskfiscal policymonetary policy
Question
Multiple Choice QuestionChanges in the general economic environment, changes in the structure of the economy, and changes in government policy are three general sources of Blank______.Multiple choice question.insurable riskuninsurable riskfiscal policymonetary policy
Solution
The correct answer is "uninsurable risk".
Step 1: Understand the question. The question is asking for the type of risk that can be caused by changes in the general economic environment, changes in the structure of the economy, and changes in government policy.
Step 2: Analyze the options.
-
Insurable risk: This is a risk that meets the ideal criteria for efficient insurance. The changes mentioned in the question are too broad and unpredictable to be covered by insurance.
-
Uninsurable risk: This is a condition that poses an excessive risk for an insurance company. Changes in the general economic environment, changes in the structure of the economy, and changes in government policy are all examples of this, as they are unpredictable and can have a significant impact on a large number of people or businesses.
-
Fiscal policy: This is a government policy regarding taxation, government spending, and borrowing. While changes in fiscal policy can impact the economy, it is not a type of risk.
-
Monetary policy: This is a government policy that controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Like fiscal policy, while changes in monetary policy can impact the economy, it is not a type of risk.
Step 3: Choose the correct answer. Based on the analysis, the correct answer is "uninsurable risk".
Similar Questions
Multiple Select QuestionSelect all that applyWhich of the following are the general sources of uninsurable risks?Multiple select question.Changes in the general economic environmentNew products or production methods pioneered by rivalsChanges in executive managementChanges in strategic planningChanges in the structure of the economyChanges in government policy
Multiple Choice QuestionThe monetary policy of a country refers to Blank______.Multiple choice question.trends that shape the business deals of the major companies in a countryinterests, activities, and opinions that help explain what consumers value and how they make their choicesthe overall tax that is imposed on products, services income, and propertyinterest and exchange rates, which in turn impacts inflation
Multiple Choice QuestionRisks that are measurable, such as floods and on-the-job accidents, are said to be Blank______.Multiple choice question.risk freeinequitable risksuninsurable risksinsurable risks
Multiple Choice QuestionThe Fed controls the amount of money available in the U.S. economy through _____.Multiple choice question.monetary policyeconomic policyfiscal policymarket policy
Multiple Choice QuestionPolicies that serve the public interest in the United States, such as environmental rules, generally come about by Blank______.Multiple choice question.corporations lobbying Congressthe natural extension of existing policiescivil actionmandates in trade agreements
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.