Risky Business: What Every Teenager Needs to Know About Living Smart - Lesson Details

Activity 4.1 - Managing Risk

This activity introduces Video 4, which shows how day-to-day choices can enable students to harness and reduce risks. The video shows three strategies for dealing with risk: (1) Avoid risk, (2) Reduce risk, and (3) Share risk, as through insurance or other arrangements. In this activity, the students answer a series of questions while watching the video.

Concepts:

Insurance, Managing risks, Types of insurance
National Content Standards in Economics:
  • Standard #1: Scarcity
  • Standard #2: Decision Making
  • Standard #4: Incentives
  • Standard #10: Institutions


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