Most homeowner's insurance policies contain which of the following clauses?
A) A property improvement clause
B) A coinsurance clause
C) A co-ownership clause
D) A property devaluation clause
Answer: B) A coinsurance clause
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The gold standard prevented a nation from controlling its domestic economy through monetary policy.
Answer the following statement true (T) or false (F)
Because it is difficult for economists to use experiments to generate data, they generally must
a. do without data. b. substitute assumptions for data when data are unavailable. c. rely upon hypothetical data that were previously concocted by other economists. d. use whatever data the world gives them.
The common term for a severe recession is a:
A. downturn. B. depression. C. bottoming out. D. economic adjustment.
Regarding economic growth and income levels, which of the following is true?
a. Poor countries are unable to ignite the growth process unless they receive financial aid from richer countries. b. Countries that lack an abundance of natural resources have been unable to grow and achieve high income levels. c. Countries with a large population relative to their land area are destined to remain poor. d. Countries that fail to adopt institutions and policies supportive of trade, entrepreneurial discovery, and private investment will remain poor in the foreseeable future.