Which of the following statements about speculative risks is true?
A. They are almost always insurable by private insurers.
B. They are more easily predictable than pure risks.
C. They may benefit society even though a loss occurs.
D. They involve only a chance of loss.
Answer:C
Which of the following statements about speculative risks is true?
A. They are almost always insurable by private insurers. B. They are more easily predictable than pure risks. C. They may benefit society even though a loss occurs. D. They involve only a chance of loss.