Inflation refers to a one-time price increase in a particular market
a. True
b. False
Indicate whether the statement is true or false
False
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Insurance works because
A) all policyholders pay in according to risks and all then receive a pay out in return. B) all policyholders pay in according to risks and then receive a pay out only if they incur a loss. C) all policyholders pay in according to risks and nobody receives any pay out. D) only high risk policyholders pay in while everyone is entitled to a pay out.
In recent years, the number of private, for profit, _________________ has increased dramatically.
Fill in the blank(s) with the appropriate word(s).
Who gains in a voluntary trade?
A. Both the buyer and the seller, but the seller usually gains more. B. Both the buyer and the seller. C. The buyer only. D. The seller only.
An organizational form that is structured around basic business functions is called
A) M-form. B) U-form. C) a matrix. D) a network.