*Describe the concept of risk aversion. Is it an equally appropriate strategy for dealing with pure and speculative risks?
* Describe the alternatives available to people and firms across the globe to protect themselves from adverse loss exposures.
* How does social insurance differ from private insurance? In your answer, explain why some loss exposures are insured better through social insur- ance than through private insurance.
* Explain why it may be advantageous for people to get insurance protection from employee benefit plans instead of buying individual insurance policies
