If you have private information that you are a safer driver than your record indicates, you are likely to buy an insurance policy with
A) a higher than average deductible.
B) a positive but lower than average deductible.
C) an average deductible.
D) no deductible.
A
You might also like to view...
The FDIC fee system encourages depository institutions to
A) make riskier loans than they would otherwise. B) operate their institutions in too conservative a fashion. C) seek only a modest rate of return. D) reject loans that probably would have been profitable.
What two things determine the cost of production?
What will be an ideal response?
The value of a model is determined by
A) the usefulness of its predictions in the real world. B) the extent of the profit earned by applying it. C) the realism of its assumptions. D) the model's attention to real world details.
Smokers and loud talkers who ignore the external effects of their actions are being rational in the economic sense
a. True b. False