In exchange of an auto insurance policy, Brenda pays AAA Insurance $1,000 annually. Which term refers to Brenda’s payment?
a. Copayment
b. Premium
c. Collateral
d. Deductible
b. Premium
Brenda’s payment is a premium.
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Since the year 2000, the share of the population holding or actively looking for jobs have ________ in the United States:
A. been record high. B. decreased. C. increased. D. remained approximately constant.
The Federal Reserve System regulates the money supply primarily by
A. controlling the production of coins at the U.S. mint. B. altering the reserve requirements of commercial banks and thereby the ability of banks to make loans. C. restricting the issuance of Federal Reserve Notes because paper money is the largest portion of the money supply. D. altering the reserves of commercial banks, largely through sales and purchases of government bonds.
During 2005-2006 Europe imported more than $70 million worth of U.S. long-grain rice. Who gains from this trade?
A) European rice consumers gain from trade. B) There is no gain from trade. C) European rice producers gain from trade. D) American rice consumers gain from trade.
During most of the 1990s and 2000s, the trend in interest rates was:
A. just about constant. B. mildly upward. C. sharply downward. D. mildly downward.