Fair insurance is a contract between an insurer and a policyholder in which
A) the value of the contract to the policyholder is negative.
B) the value of the contract to the policyholder is zero.
C) the risk of the contract to the policyholder is diversifiable.
D) the value of the contract to the policyholder is positive.
B
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Refer to Figure 4.5. In which of the following cases will you be rewarded with the most extra points?
A) Seven of your classmates choose Dash and you and the rest choose Solid. B) All of your other classmates choose Solid and you choose Dash. C) Half of your classmates choose Solid and you and the rest choose Dash. D) One of your classmates chooses Dash and you and the rest choose Solid.
The EITC is refundable
Indicate whether the statement is true or false
Crowding out may occur because ________ fiscal policy usually involves the government ________ money.
A. expansionary; lending B. contractionary; borrowing C. contractionary; lending D. expansionary; borrowing
Can the incidence of a sales tax ever be so that buyers pay all of the tax or so that sellers pay all of the tax?
What will be an ideal response?