Explain why the decoding of the human genome has interesting implications for the life insurance industry.
What will be an ideal response?
The decoding of the human genome will make it relatively easy to predict if an individual is likely to experience a serious and perhaps terminal illness. This would make it easy for a life insurance company to predict not only how many individuals from a large pool may die at a certain age, but perhaps specifically which ones. This potentially could make some people uninsurable and raises the question as to whether insurance companies should have access to these tests or information.
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Which federal agency publishes the United States' unemployment figures?
A) The Bureau of Labor Statistics B) Health and Human Services C) the Senate Committee on Labor Relations D) the Federal Reserve
Joe, a hair dresser, offers students a discount price on haircuts. This form of pricing is an example of
A) a marginal cost pricing rule. B) an average cost pricing rule. C) price discrimination. D) perfect price discrimination.
Explain the difference between the effects of a reduction in legal reserve requirements and the effects of an open-market purchase of securities by the Fed
Which of the following has occurred for the United States since 1960?
A) The ratio of exports to GDP (X/Y) and the ratio of imports to GDP (IM/Y) have both increased. B) X/Y has increased while IM/Y has decreased. C) X/Y has decreased and IM/Y has increased. D) X/Y has decreased and IM/Y has decreased.