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Sharing Economic Losses Through Insurance
Each minute of the day or night, everyone faces a possible financial loss. Savings provide one way to take care of financial losses. But savings are not the answer to large losses. The best way to guard against large financial losses is through insurance.
The purpose of insurance is to provide protection against financial losses at a reasonable cost. This is possible only when the cost of insurance is shared by many people who face a similar risk. But not all of them are likely to have actual losses at the same time.
You Buy Insurance from Insurance Companies
Almost 4,800 companies in the United States are in the business of providing insurance protection. These businesses are called insurance companies. Because most insurance companies operate on a large scale, they provide a way for large numbers of people to share their losses.
Many Kinds of Risks Can Be Insured
Insurance can prov
Text 2
Each advance in microscopic technique has provided scientists with new perspectives on the function of living organisms and the nature of matter itself. The invention of the visible-light microscope late in the sixteenth century introduced a previously unknown realm of single celled plants and animals. In the twentieth century, electron microscope have provided direct views of viruses and minuscule surface structures. Now another type of microscope, one that utilizes X rays rather than light or electrons, offers a different way of examining tiny de tails; it should extend human perception still farther into the natural world.
The dream of building an X-ray microscope dates to 1895; its development, however, was virtually halted in the 1940’ s because the development of the electron microscope was progressing rapidly. During the 1940’ s, electron microscopes routinely achieved resolution better than that possible with a visible-light micro
A. To begin a discussion, of sixteenth-century discoveries.
B. To put the X-ray microscope in a historical perspective.
C. To show how limited its uses are.
D. To explain how it functioned.
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