Final answer:
Option b) Car physical damage insurance is not a program for insuring fundamental risks as it is provided by the private insurance market and not subsidized by the government, unlike the other options listed.
Step-by-step explanation:
The question asks us to identify which of the following options is not a program for insuring fundamental risks:
- Flood insurance subsidized by the government.
- Car physical damage insurance.
- Social Security.
- Unemployment insurance.
Flood insurance, Social Security, and Unemployment insurance are examples of programs that provide protection against fundamental risks and are generally supported or provided by the government. On the other hand, car physical damage insurance is typically provided by the private insurance market, and while it may be legally required, it is not a government-subsidized program for insuring against fundamental risks. Therefore, option b) Car physical damage insurance is the correct answer as it is not a government program aimed at insuring fundamental risks.