Personal Finance and Life Choices · Personal Finance

Risk and Insurance

Understanding how insurance markets help individuals manage the financial risks of life.

Key Questions

  1. 1What incentives drive people to purchase insurance for unlikely events?
  2. 2How do deductibles affect consumer behavior and risk-taking?
  3. 3Who bears the costs when individuals remain uninsured?

Common Core State Standards

C3: D2.Eco.2.9-12
Grade: 12th Grade
Subject: Economics
Unit: Personal Finance and Life Choices
Period: Personal Finance

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