Which of the following is true of coinsurance?
A) The policyholders do not have to pay a premium.
B) Each policyholder has to pay a certain fee while making claims.
C) The responsibility of paying claims is split between the insurer and the policyholder.
D) All policyholders pay the same premium irrespective of the scheme they chose.
C
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The prospect of a recession in the United States would probably cause the dollar to
a. depreciate because interest rates would be expected to rise. b. depreciate because imports would be expected to rise. c. appreciate because imports would be expected to fall. d. appreciate because interest rates would be expected to decrease.
A farm can produce 10,000 bushels of wheat per year with 5 workers and 13,000 bushels with 6 workers. The marginal product of the sixth worker for this farm is:
a. 500 bushels. b. 10,000 bushels. c. 23,000 bushels. d. 3,000 bushels.
When producers are hopeful about the economic business outlook, they often
A. decrease their inventory levels. B. decrease their purchase of new goods. C. increase their investment in capital goods. D. increase their investment in savings.
If consumers save 15 cents out of every dollar received, the:
A. Multiplier is 15. B. MPS is 0.85. C. MPS is 0.15. D. Multiplier is 0.15.