When insurance companies set premiums based on average characteristics of certain groups, they are trying to ______.
a. bring reckless drivers into the market
b. give poor drivers a second chance
c. keep good drivers in the market
d. push good drivers out of the market
c. keep good drivers in the market
You might also like to view...
Would you expect the cross-price elasticity of demand between ham and turkey to be positive or negative? Why?
What will be an ideal response?
Which of the following would be entered as a credit in the financial account of the United States?
a. Purchase of U.S. Treasury bonds by Americans b. Purchase of U.S. Treasury bonds by foreigners c. Purchase of U.S. made cars by foreigners d. Income earned by the U.S. from tourism e. Purchase of foreign stocks by U.S. investors
The negative slope of the demand curve reflects the
a. positive relationship between price and quantity b. proportional relationship between price and quantity c. inverse relationship between price and quantity d. positive relationship between income and quantity e. inverse relationship between income and price
One shortcoming of real GDP as an indicator of society's social well-being is that it fails to take into account the:
A. growth in productivity. B. change in the price level. C. increase in the quantity of goods. D. non-market production.