Premiums based on experience ratings
a. are uniform across age groups.
b. are based on the loss experience of the insured.
c. vary depending on the income of the insured.
d. are illegal in most states in the U.S.
e. are only used in property-casualty insurance underwriting.
B
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Who receives the goods and services produced in the United States depends largely on
A) how income is distributed. B) what goods and services are produced. C) government redistribution. D) how the goods and services are produced.
What happens if the Brazilian real appreciates relative to the U.S. dollar?
A) Brazilians will buy fewer U.S. goods, which generates an increase in the quantity supplied of dollars. B) The quantity demanded of reals increases as U.S. residents want to buy more Brazilian products. C) The quantity of reals supplied increases because the lower price (in reals) for U.S. goods induces Brazilians to buy more U.S. products. D) The U.S. Federal Reserve Bank increases the supply of dollars to the world economy.
Consider the nations of Brazil, Mexico, and Pakistan. Over the past century, which of these three nations has experienced, by far, slower economic growth than the other two nations?
If Argentina imposes a 20 percent tax on natural gas exports to be paid by suppliers. Other things equal, this causes the:
A. supply of natural gas exports to shift to the left. B. supply of natural gas exports to shift to the right. C. quantity of natural gas exports produced to increase. D. demand for natural gas exports to shift to the right.