Progressive Insurance's 'Tripsense' monitors driving patterns of the people who purchase the related insurance policy. This lowers insurance costs because
a. only less reckless drivers will accept the device
b. only more reckless drivers will accept the device
c. drivers will believe they can now drive more recklessly
d. it does not affect care in driving
a
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Refer to Figure 1A.1. If the hours worked per week are 20, the income per week is
A) 50. B) 100. C) 150. D) 200.
An increase in the interest rate will: a. increase the amount of money supplied by lenders
b. decrease the amount of money supplied by lenders. c. have no effect on the amount of money supplied by lenders. d. have an ambiguous effect on the amount of money supplied by lenders.
Wealth can be thought of as:
A. The sum of all assets you have at any one point in time. B. The sum of all assets and any expected future assets. C. The sum total of all assets less any debts. D. The income that you have earned that year.
According to the graph shown, what does P on the y-axis stand for?
A. Price of GDP B. Inflation rate C. Average price level D. Price of Y