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.uninsurable riskmonetary policyinsurable riskfiscal 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.uninsurable riskmonetary policyinsurable riskfiscal policy
Solution
The correct answer is "uninsurable risk". These are risks that insurance companies are not willing to insure because they are too risky or unpredictable. Changes in the general economic environment, changes in the structure of the economy, and changes in government policy can all lead to situations that are too uncertain or risky for insurance companies to cover.
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