Economic fluctuation & unemployment
note: the home country is INDIA according to the question
C. Economic Fluctuations and Consumption (9 Marks)1. Sickness and accidents are one of the largest shocks that affect households. These shocks include the costs of healthcare and the loss of income.
a) Name your home country. What are the two main mechanisms that exist in your home country that help insure households against the shocks of healthcare costs? Are these examples of co-insurance or of-insurance? (2 marks)
d) Name the cause of an economy-wide shock that has occurred in your home country. Did households have access to any form of co-insurance to help with the Oshock? (2 marks) Business Law homework help
