The portfolios of property and casualty insurance companies are generally concentrated in
A) liquid assets.
B) mutual funds.
C) primary securities.
D) U.S. Treasury bonds.
A
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Refer to Excise Subsidy. The deadweight loss created by the subsidy is represented by
The following questions refer to the accompanying diagram which shows the effects of an excise subsidy given to firms. The initial price and quantity are P0 and Q0, respectively. After the subsidy is granted, the equilibrium quantity is Q1, firms receive the price Ps, and consumers pay the price Pd.
a. area F + G.
b. area D + G + J.
c. area C.
d. area D.
Which type of industry is likely to see more intraindustry trade?
What will be an ideal response?
Adam Smith's book The Wealth of Nations was published in
a. 1692. b. 1776. c. 1816. d. 1936.
In the United States, consumers, businesses, governments, and foreigners participate in both the product and factor markets.
Answer the following statement true (T) or false (F)