Life insurance companies are regulated by state governments because
A) they have never experienced bankruptcy.
B) they have never experienced profitability.
C) they have never experienced widespread failures.
D) they hold only highly liquid assets.
C
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Refer to the graph below. An effective minimum wage would be set
a. above We and would create a surplus of labor.
b. below We and would create a surplus of labor.
c. above We and would create a shortage of labor.
d. below We and would create a shortage of labor.
According to economist Robert Barro, if parents are concerned about the welfare of their children, then each adult generation will voluntarily reduce the burden of federal debt on future generations, and thus forego the stimulative effect of deficit spending in the present
Indicate whether the statement is true or false
Kara earns $1,500 a month and from that pays an overall tax rate of 15 percent. On average she saves $255 per month. What is her marginal propensity to consume and her marginal propensity to save?
What will be an ideal response?
If the price of product Y is $25 and its marginal cost is $18:
A. Y is being produced with the least-cost combination of resources. B. society will realize a net gain if less of Y is produced. C. resources are being underallocated to Y. D. resources are being overallocated to Y.