Question 1 a. Many strikes in the Ghana bring financial suffering to employers and workers. Would you expect a commercial insurer to provide insurance protection to the workers or the employers to cover losses resulting from these strikes? Why or why not? b. Suppose that the members of your class enter into an agreement under whose terms all would chip in to pay for the damage to any automobile owned by a class member that was damaged in a collision. Explain whether this is insurance and whether you would be willing to participate. c. A friend tells you about a plan for the formation of an insurance company that I will issue insurance policies to protect a person who buys stock against a decline in the value of that stock. Explain why you believe the scheme will or will not work. d. Other things being equal, one should prefer to purchase insurance from the largest insurance company possible." On what basis does the author of this statement probably draw this conclusion? Activate Win Go to Settings to