The way most insurance companies determine their premiums might best be described as ______.
a. individualized service
b. one size fits all
c. playing the averages
d. random selection
c. playing the averages
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Those who favor passive policy making do so because they conclude that
A) price and wage flexibility is a common and speedy occurrence. B) there is a stable trade-off between inflation and unemployment in the short run. C) price and wage flexibility is an uncommon occurrence. D) pure competition is not typical in most markets.
What is the maximum age for immigrants who are eligible for the DREAM Act?
a. 16 b. 18 c. 13 d. 21
A company succumbs to a wage increase demand without any changes in the productivity of labor, price of the product, and the total output sold. Which of the following would happen?
a. Total revenue of the company will fall. b. Investment by the company will increase. c. Profit per unit of the product will fall. d. Average profit per unit will increase.
The principal amount of a bond is the amount:
A. paid to the bondholders on a regular basis. B. originally lent. C. of interest agreed upon when the bond was originally issued. D. of interest the bondholder is entitled to when the bond matures.