chapter name Economic fluctuation & unemployment note: the home country is INDIA according to the

chapter name 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. Theseshocks include the costs of healthcare and the loss of income.a) Name your home country. What are the two main mechanisms that exist in yourhome 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 homeOcountry. Did households have access to any form of co-insurance to help with the Oshock? (2 marks)TE