Question: Which of the following risks are insurable? For risks which are not insurable, explain why they are not insurable. (i) The risk of an individual

Which of the following risks are insurable? For risks which are not insurable, explain why they are not insurable.

(i) The risk of an individual being killed by a meteorite.

(ii) The risk that an airline will have fewer flights in winter than in summer.

(iii) The risk that poor weather will adversely affect a farmers crops.

(iv) The risk that a couple will divorce. (v) The risk that a $5 childs toy will be broken.

(vi) The risk that a debt will not be repaid.

(vii) The risk that you fail this course.

(viii) The risk that investors will not make enough money on the stock market.

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