Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Managerial Economics_Module 8 Discussion

Managerial Economics_Module 8 Discussion

Q Would the accident rate be higher or better if states did not require drivers to carry liability insurance? Support your answer using the concepts from the course materials as well as any research that you do.

View Related Questions

Solution Preview

The damages made to another person or vehicle in an accident is covered by liability insurance. One is safeguarded from claims of compensation and lawsuits that the party affected filed. Definitely, element of machine or human is there in accidents even though it is fair to speak that accident can occur anywhere and at any time.