If insurance did not exist in the United States,which of the following might reasonably be expected to happen?
A)Banks would lower their interest rates on home mortgages and auto loans
B)Moral hazards would decrease
C)Morale hazards would decrease
D)In general, only large businesses would be able to survive

Question

Quizplus · Accepted Answer

Without insurance, individuals would be forced to pay for their own medical bills and damages to property, which would be very expensive. This would make it difficult for small businesses and individuals to survive, while larger businesses would be better equipped to absorb these costs.

If Insurance Did Not Exist in the United States,which of the Following