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Which of the following statements about speculative risks is true? 1.They are almost always insurable by private insurers. 2.They involve only a chance of loss.
Which of the following statements about speculative risks is true?
1.They are almost always insurable by private insurers.
2.They involve only a chance of loss.
3.They may benefit society even though a loss occurs.
4.They are more easily predictable than pure risks.
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