Why do insurance contracts exist for some, but not all risks? Why do we have government programs

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Why do insurance contracts exist for some, but not all risks? Why do we have government programs to lessen some types of risk? What are the effects of these programs on individual behavior?

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: Sep 04, 2018 12:36 AM

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Why do insurance contracts exist for some, but not all risks? Why do we have government programs

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Insurance contracts do not exist for some of the risks because of following reasons 1 Risk cannot be ... View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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