Up until the occurrence of Hurricanes Katrina and Sandy, the worst insurance outcome in U.S. history was
A. Hurricane Andrew.
B. the sinking of the Titanic.
C. the Northridge earthquake.
D. the September 11th terrorist attack.
Answer: D
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The existence of a shortage
A) means resources are being allocated efficiently. B) is impossible in a market economy. C) pushes the price u
Explain why East Asian countries have done so well relative to South American countries
What will be an ideal response?
A U.S. import tariff imposed on steel is likely to: a. increase employment in the U.S. steel industry
b. increase the real incomes of steel users. c. raise the total quantity of foreign and domestic steel sold in the United States. d. increase employment in the economy as a whole.
Government re-training programs, such as those that train workers who have lost their jobs due to outdated skills, would best fight the problem of
a. frictional unemployment b. cyclical unemployment c. structural unemployment d. underemployment e. seasonal unemployment