Your friend Luis is complaining about the high cost of car insurance. He would like to own his own car, but at age 19, he feels he can't afford the insurance premiums. Explain how he can reduce insurance premiums.

How does statistical discrimination affect the distribution of insurance premiums within a group?

Homeowner's insurance premiums are significantly higher than renter's insurance premiums. Why?

Explain why a person who has substantial assets and income should consider adding an umbrella policy to his or her insurance coverage.

As a first-time homebuyer, your friend Curtis is considering what type of insurance to buy. Describe the types of insurance that he might consider.

Explain why comprehensive coverage is of lesser value to drivers of older (but not classic) cars. What type of risk management strategy is effective for owners of older cars?

Explain why homeowners have liability for injuries to invited and uninvited guests. What can they do to lower the risks?

Explain why liability insurance is necessary coverage for both renters and homeowners.

According to Lev Vygotsky cognitive development occurs when _____________.

Schachter and Singer's theory of emotion relies heavily on a. physical arousal. b. labeling. c. facial expressions. d. heredity.

What theory of emotion states that the emotion typically occurs before arousal and behavior?

a. the original, or common-sense, theory b. Schachter and Singer’s theory c. Cannon and Bard’s theory d. James and Lange’s theoryWhich theory of emotion relies heavily on cognition and labeling?

a. the original, or common-sense, theory b. Schachter and Singer’s theory c. Cannon and Bard’s theory d. James and Lange’s theory

What are some things you and your family can do now to reduce overall automobile insurance premium costs? What can you do to help?

Megan is renting an apartment. She has nice furniture that she inherited from her grandparents. She mentions to you that last year the pipes burst in her apartment building and she was lucky that her valuable furnishings were not damaged. You ask if she has renter's insurance, and she says no. The landlord has insurance, though. How would you advise her?

Liability coverage (automobile insurance) is required in all states. What is the reasoning behind this requirement?