A car insurance company pays 90% of the total damage in case of an accident. This is an example of ________
A) a coinsurance
B) a dividend
C) a brokerage
D) a subsidy
A
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Use the following table to answer the question below. Jorge's Production Possibilities SchedulePounds of Green BeansPounds of Corn03202024040160608080 0 Jorge's opportunity cost of producing 1 pound of corn is ________ pound(s) of green beans.
A. 1/4 B. 4 C. 2 D. 1
The farm problem in the United States can be summed up as
a. low productivity, high prices, and an income-elastic demand for food b. high productivity, high prices, and an income-elastic demand for food c. low productivity, high prices, and an income-inelastic demand for food d. high productivity, low prices, and an income-inelastic demand for food e. high productivity, low prices, and an income-elastic demand for food
For all practical purposes, a nation's monetary base is controlled by:
a. The government, financial institutions, and the central bank. b. The central bank. c. The International Monetary Fund and World Bank. d. Individuals and financial institutions, by means of their preferred asset ratios, and the central bank. e. No one because the monetary base is a free market quantity that is determined, like many macroeconomics variables, by the forces of supply and demand.
Marginal cost equals (i) change in total cost divided by change in quantity produced. (ii) change in variable cost divided by change in quantity produced. (iii) the average fixed cost of the current unit
a. (i) and (ii) only b. (ii) and (iii) only c. (i) only d. (i), (ii), and (iii)