Damage from which of the following is NOT covered in a basic homeowner's policy?
A) Fire and lightning
B) Explosion
C) Windstorm and hail
D) Flood
Answer: D) Flood
You might also like to view...
"According to the Coase theorem, if Gabriel wants the local television station to cease having helicopters fly over his house at night, he will be more likely to be able to reach an agreement with the station if the property right to the airspace is
clearly defined and the transaction costs of negotiating are high." Is this statement true or false? Explain your answer.
How do markets for insurance use no-claim bonuses to cope with private information?
What will be an ideal response?
Natural monopolies fail to minimize
A. Marginal revenue. B. Average variable cost. C. Average total cost. D. Marginal cost.
In many cities in the United States, a single firm provides electricity. Those firms are:
A. oligopolists. B. monopolists. C. monopolistic competitors. D. perfect competitors.