Without reinsurance, insurance companies would be less likely to insure
A. against auto accidents.
B. against home fires.
C. against home burglaries.
D. homes in hurricane prone areas.
Answer: D
You might also like to view...
The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. The tax decreases consumption by
A) 1,000 blouses. B) 2,000 blouses. C) 3,000 blouses. D) 4,000 blouses.
The figure above shows the market for transportation services, which produces an external cost due to the air pollution that is created. The efficient quantity of transportation services is ________ and the corresponding price is ________
A) 120; $14 B) 120; $8 C) 80; $12 D) 80; $6
A monopolistically competitive industry is like a perfectly competitive industry in the sense that: a. non-price competition is significant in both industries
b. there are no substantial barriers to entry in both cases. c. economic profits in long run equilibrium are zero in both cases. d. both (b) and (c) are true.
For a good that is a luxury, demand
a. tends to be inelastic. b. tends to be elastic. c. has unit elasticity. d. cannot be represented by a demand curve in the usual way.