Which of the following statements is INCORRECT? Question 13 Answer a. A Self-insurance strategy suggests that a household intentionally saves in order to be able to maintain its consumption when there is a temporary fall in income or need for greater expenditure. b. If an economic shock happens to a household or family only rather than the whole economy, then the household can only rely on its own self-insurance (such as drawing down its savings) to deal with the shock. c. A co-insurance strategy could involve households that have been fortunate during a particular period to help a household hit by bad luck. d. When a bad economic shock hits everyone at the same time, although co-insurance could be less effective, it is even more necessary