Consider how the five strategies for reducing risk may apply to your decision about what major to pursue. Categorize each acaction below as exemplifying one risk$-$reduction strategy. $($Of the five strategies, risk spreading and insurance are not likely to apply unless someone comes up with a profitable way of selling insurance to college students on their future outcomes!$)$

Hedging

Diversification

Information gathering

Answer Bank

balance a major with low employment opportunities with a minol with high employment opportunities, or pursue a double$-$major

select a pair of majors that involve very different types of skill development

contact previous graduates in a given major to enquire about job prospects in that field