Which of the following statements about Speculative risks is true?

Question

Question: Which of the following statements about Speculative risks is true?

Options:

1.  They are almost always insurable by private insurers.
2.  They are more easily predictable than pure risks.
3.  Their occurrence may benefit society.
4.  They involve only a chance of loss.

Answer 1

3. Their occurrence may benefit society

The statements 'Their occurrence may benefit society' about speculative risks is true.