________ refer to the money that insurance policyholders pay when making claims
A) Dividends
B) Deductibles
C) Copayments
D) Coupons
C
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Suppose that consumers expect that the price of a product will increase in the future. The result is that
A) the current supply of the product decreases. B) the current demand for the product decreases. C) the current demand for the product increases. D) the current supply of the product increases.
When equilibrium GDP is below potential GDP, jobs are plentiful and unemployment is low
a. True b. False Indicate whether the statement is true or false
Net taxes represent:
a. the difference between the amount of taxes collected by governments and the amount of transfer payments that governments return to households. b. the difference between the amount of interest payments that governments pay on bonds and the amount of taxes collected by governments. c. the sum of the amount of taxes collected by governments and the amount of transfer payments that governments return to households. d. the product of the amount of taxes collected by governments and the amount of transfer payments that governments return to households.
The Fed can close a recessionary gap by:
a. increasing fiscal expenditure
b. increasing taxes.
c. decreasing taxes.
d. selling U.S. government bonds.
e. lowering the discount rate.