As cities grew and markets developed, life, fire and death insurance companies emerged to manage risks and help groups of individuals during disasters
Indicate whether the statement is true or false
True
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According to the graph shown, if this economy were an autarky, consumers would get area:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. A in consumer surplus.
B. ABC in consumer surplus.
C. ABCD in consumer surplus.
D. ABCDEFG in consumer surplus.
Using public policy to promote health can contribute to growth because:
A. workers who are in good health will be more productive and less likely to miss work days. B. workers who get free health care are more likely to be careless. C. workers who are in good health take more vacation days and are less likely to work. D. it allows the importation of more goods and services.
Economics is the study of:
a. the allocation of scarce resources and the ways in which human decision makers utilize those resources. b. the methods that human decision makers use to transform a scarce good into a non-economic good. c. how to operate a business successfully. d. a utopian society. e. how to make money in the stock market.
What happens when a command-and-control regulation has been satisfied?
a. Polluters get a pollution charge tax break. b. Polluters have access to new marketable permits. c. Polluters have no incentive to do better. d. Polluters have many incentives to do better.