In an insurance system, would you expect each person to receive in benefits pretty much what they

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In an insurance system, would you expect each person to receive in benefits pretty much what they pay in premiums or is it just that the average benefits paid will equal the average premiums paid?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 31, 2023 09:42 AM

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In an insurance system, would you expect each person to receive in benefits pretty much what they

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In an insurance system it is not necessary for each individual to receive benefits equal to the premiums they pay Insurance operates on the principle ...View the full answer

Principles Of Economics

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