Indemnity insurance
a. reimburses for certain types of losses including fire and theft.
b. in the basis for most of the health insurance coverage in the U.S.
c. is often experience-rated with premiums based on expected losses.
d. is sometimes called "casualty insurance.".
e. all of the above.
E
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Suppose the demand for money becomes less sensitive to changes in the interest rate
In moving along an LM curve, an increase in income must be accompanied by a ________ change in the interest rate than before, meaning that the LM curve has become ________. A) greater, steeper B) greater, flatter C) smaller, steeper D) smaller, flatter
A federal budget deficit exists when:
A. federal government taxation is decreasing. B. federal government spending is increasing. C. federal government spending exceeds tax revenues. D. federal government assets are less than liabilities.
An increase in the demand for a product means that the:
A. demand curve shifts to the left. B. demand curve shifts to the right. C. supply curve shifts to the right. D. supply curve shifts to the left.
Competition among sellers and government diffuses economic power within the economic units that make up an economy.
Indicate whether the statement is true or false