Which of the following is true about the supply and demand curves for insurance?
A) The demand for insurance is very elastic and sensitive to price.
B) As price declines, the demand for insurance increases dramatically.
C) The supply of insurance increases dramatically with a decrease in the price.
D) Insurers will tend to reduce supply if the price is artificially increased or decreased.
D
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On October 1, 2015, Jacob's Beach Umbrellas borrowed $5,000 on a 12%, one-year note payable. Interest was payable semiannually. A correct adjusting entry was made on December 31, 2015, and a correct reversing entry was made on January 1, 2016. The entry that should be made on March 31, 2016, is
A) Interest Payable 300Cash 300 B) Interest Expense 150Interest Payable 150Cash 300 C) Interest Expense 150Cash 150 D) Interest Expense 300Cash 300
After the SOW is approved, the evaluator moves onto the implementation phase of the evaluation project.
a. True b. False
Advocacy groups such as Consumers International and the Better Business Bureau can act on behalf of consumers and promote consumers' rights through ________ but not through ________
A) enforcing regulations; influencing the media B) influencing the media; political lobbying C) organizing boycotts; influencing the media D) political lobbying; enforcing regulations E) political lobbying; organizing boycotts
The European Union is currently an example of which of the following:
a. Customs Union b. Common Market c. Economic Union d. free trade agreement