The purpose of the coordination of benefit clause found in group policies is to: A: promote over insurance B: help the insured profit from loss C: reinforce indemnity D: help the insurance company cancel claims
Q: Problem 4) The proposed projects have the potential uniform annual benefits and associated…
A: A project is a set of tasks that must be performed in order to achieve a specific objective. A…
Q: Company Alpha produces its product in a perfectly competitive market that is in long-run…
A: In a perfectly competitive market there are large number of firms producing similar and identical…
Q: QUESTION 14 When there is a technological advance in the cheese industry, consumer surplus in that…
A: Q14) "Consumer surplus reflects the difference between the buyer's willingness to pay and the market…
Q: An economy produces three products, bags, computers and shirts. The prices and quantities of these…
A: GDP measures the market value of final goods and services produced by an economy during a given…
Q: Explain the implications of a Gini Coefficient of 0.643 relating to the South African economy,…
A: The Gini index, or Gini coefficient, calculates income distribution across a person. Grown by the…
Q: Suppose if the inflation rate of a country increases sharply. What happens to the inflation tax on…
A: Inflation rate in any Economy is what explains the general rise in price level and thus alters the…
Q: 25. In a market, the inverse supply function is given by p°(q) = aq +b for some positive constants a…
A: We have linear supply curve for the respective firm. And producer surplus is the area above the…
Q: 12. Use the data in the tables to answer the question that follows. Market Price of Output…
A: Answer 12) "Marginal revenue product of labor is obtained by multiplying the marginal product of…
Q: What is the difference between the US government debt and government deficits? Are they sustainable?…
A: In the United States, government, that us Congress,makes various rules and regulations, according to…
Q: 2. Some companies are considering using Google's Android operating system for their tablet PCs and…
A: Business ideas are must for the development and growth in the market to compete with other brands.…
Q: Two mutually exclusive alternatives are being considered for the environmental protection equipment…
A: Annual worth or AW is referred to as the easy way of understanding the annual amount, for instance,…
Q: What could have been a possible solution to the Soviet oil drilling problem?
A: Soviet Union: It is formally the Union of Soviet Socialist Republics. It was a Communist express…
Q: Economics I know the answers are 21% 21% and $18,784,100 i just need to know how to get there. Month…
A: The sum of a person's taxable income from all sources is totaled up and then divided by the total…
Q: Name and discuss the factors that shift the IS Curve. Give two examples, with the help of a diagram,…
A: The term "IS curve" refers to the graph that illustrates the various permutations of the level of…
Q: In a perfectly competitive market: marginal costs will be less than average costs. all firms…
A: (Q) In a perfectly competitive market: marginal costs will be less than average costs. all firms…
Q: Suppose that real-time estimates of the GDF gap are always accurate, and that the Fed always takes…
A:
Q: Question Three Firm's Demand for Labour in the Short Run a) What are the two profit-maximizing…
A:
Q: Evaluate the impact of COVID-19 pandemic on the performance of UK supermarkets. Performance should…
A: Uncertainty is described as the situation which has no probability of prediction. It is a situation…
Q: however, option e mentions upward sloping straight line, did you simply mean upward sloping curve or…
A: The preferences of Goluki are determined by U(q1, q2) = q11/3 + q21/3 Where, q1 is the number of…
Q: Use the graph to answer the question Between points C and D, the long-run average total cost curve…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Assume the marginal propensity to consume is 0.5 (c1 =0.5). Given this data, which of the following…
A: Marginal propensity to consume is the proportion of change in income spent on consumption
Q: Why is GDP per capita is not the same as Economic well-being?
A: "GDP is the market value of all the final goods and services produced in an economy at a given…
Q: With respect to the concept of inflation, it is correct to say that ________. options: A)…
A: Inflation is the rate of increase in average price level of goods and services
Q: Perform strategic analysis on Starbucks in terms of: 1. The competitive approach taken; 2. Strengths…
A: Starbucks Corporation is a private limited business that was founded in 1971. The company functions…
Q: C. What is the average growth rate per year of these two time periouds?
A: GDP deflator is the ratio of nominal GDP and Real GDP . GDP deflator = (Nominal GDP / Real GDP )*100…
Q: In the market for beef, the price of a pound of beef rises. Explain the effect of this event on the…
A: Supply curve shows a positive relationship between price and quantity supplied. There are various…
Q: Quantity (tickets per show) Price Total cost Big Top is the only circus in the nation. The table…
A: Since you have asked multiple question, we will solve the first three subparts as per honor code for…
Q: Identify the following interest rates as nominal or effective: (ABET, SO1) A: 1%= 6% per semiannual,…
A: When comparing the nominal interest rate and effective interest rate, the primary difference between…
Q: If the social costs of an economic activity are $120 and the private costs are $75. then the…
A: Given: Social Costs = $120 Private Cost = $75
Q: Question 7 Suppose that there is fear of a possible war in the future, reducing consumer confidence…
A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: A firm is earning an accounting profit of $5,000. Its implicit costs are $3,000, explicit costs are…
A: Accounting profit = Total revenue - Explicit cost Economic profit = Total revenue - Explicit cost -…
Q: Question 2 Which of the following statements is true? OExternalities exist when the private costs…
A: Externality refers to spill-over effects of a good on society.
Q: If barriers to entry ________ or product differentiation ________, competition in a market will…
A: In perfectly competitive market, firms produce identical goods. They do not have any market power to…
Q: 9. Prove that if the consumer is indifferent between commodity bundles (q,..,q) and (1) (1).…
A: Consumer preferences are homothetic preference when utility function is homogeneous of degree 1.…
Q: Let’s say that the supply of high quality agave syrup goes up by around 10%, while, thanks to an…
A: Elasticity of Supply: The price elasticity of supply is a measurement of how responsive the quantity…
Q: There are 2 commodities X and Y. Total amount of labour required by X and Y = 400 units. Labour is…
A: Economic essentials refer to the attending state of the economy in a nation or region. These…
Q: What is true of a firm's production if it operates in a perfectly competitive market in long-run…
A: In perfectly competitive market, firms produce identical goods which implies they do not have any…
Q: Economics I know the answers are 21% 21% and $18,784,100 i just need to know how to get there. Month…
A: The total of a person's taxable income from all sources is added together and then divided by the…
Q: 11) what is the equilibrium output and price?
A: Equilibrium is the point where the objectives of all producers and the consumers are satisfied and…
Q: The standard consumer choice model assumes that preferences are such that the marginal rate of…
A: Since you have asked multiple questions we would be answering the first one for you. To get the…
Q: Which statement about the economic crisis of the 1970s is INCORRECT? A. American manufacturing was…
A: The economic crisis of the 1970s The year featured some of the greatest inflation rates in recent…
Q: A recently hired chief executive officer wants to reduce future production costs to improve the…
A: The equivalent annual cost (EAC) is the annual cost of owning, operating, and maintaining an asset…
Q: Moe divides his time between studying Physics and studying Economics. His production possibilities…
A: Production possibility curve (PPC) depicts the combinations of two goods that an economy can produce…
Q: Davao International Airport has crafted estimates for the upgradıng of security systems. Will the…
A: Given that; Interest rate= 10%
Q: Why are some economists who favor free trade concerned about the proliferation of regional trad…
A: Answer: Regional trade agreements take place between countries of a geographical area to decrease…
Q: The school maintenance personnel bought a diesel generator set for P 10,000 and agreed to pay the…
A: When you earn interest on the principal amount of an investment, it is added back to the principal –…
Q: Consider the Scenario given below and attempt the questions that follow: COVID-19 Lockdown Price…
A: Changes in the external environment surrounding the retail industry have shifted conventional wisdom…
Q: For each of the following transactions, 1) determine whether it should be included in the…
A: Gross domestic product is the sum total of final values of services and goods produced in a year.
Q: The owners of four companies competing for a contract are shown in the table below. If a report is…
A: Individuals ought to move toward data with shifting levels of skepticism based on the wellspring of…
The purpose of the coordination of benefit clause found in group policies is to: | |
A: promote over insurance | |
B: help the insured profit from loss | |
C: reinforce indemnity | |
D: help the insurance company cancel claims |
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- insurance is pure liability coverage over and above the coverage provided by other types of policies.Professional malpractice insurance __________ the insured for up to the specified policy limit for negligent acts performed by professional employees that injure clients. Multiple Choice disclaims indemnifies denies repudiates The insured transfers the risk of loss to the insurer for a price known as a/an __________. Multiple Choice All of the choices are correct premium co-pay allocation Chelsea and Autumn are principals to ABC Industries. ABC Industries needed a loan but could not pledge collateral. Therefore, Chelsea and Autumn gave a personal guaranty for the loan. Which statement below is correct? Multiple Choice Chelsea and Autumn have no personal liability. Chelsea and Autumn have pledged only their interest in ABC Industires. Chelsea and Autumn a secured debtors. Chelsea and Autumn have pledged their personal assets.The difference between retrospective versus prospective reimbursement is that: a. Prospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; retrospective reimbursements are based on set standards such as DRGs in the case of hospitalizations. b. Retrospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; prospective reimbursements are based on set standards such as DRGs in the case of hospitalizations. c. Both payment systems practically mean the same thing since it is a way to reimburse providers of health care services on the services they have already given to patients. d. None of the choices are correct
- Adverse selection occurs because of A) spreading of risks. B) diminishing marginal utility. C) of imperfect information. D) moral hazardDescribe this insurance scorecard claims.H applied for a individual major medical policy. When H filed a claim within the first year of coverage and the underwriter noticed that the H's age on the claim form was different than what was listed on the application. The insurer will take which of the following actions regarding H's claim? A: Deny the claim and refund premiums B: Deny the claim, cancel the policy and keep all premiums C: Pay the claim in full and keep the policy as is D: Adjust the claim benefit amount to the insured's correct age
- It was felt that liability insurance would undermine the tort system, which has as its central theorem the concept that the individual responsible for injuring another should be made to pay for that injury. Do you think the existence of liability insurance causes one to be less careful than he or she might otherwise be?which option is resulting in a moral risk (dishonesty)? Policyholder’s history of prior losses in high-risk crime zones Policyholders lack of proper security measures to protect the insurer property from theft Policyholder’s criminal record involving crimes related to theft Policyholder’s lack of concern about protecting the insured propertyAs it applies to insurance, the adverse selection problem is the tendency for: those most likely to collect on insurance to buy it. those who buy insurance to take less precaution in avoiding the insured risk. sellers to price discriminate. sellers to restrict output and charge high prices.
- The difference between the actuarily fair price for insurance and the price a risk-averse individual is willing to pay to fully insure is called a-insurance benefit b-risk aversion c-the risk premium d-risk profitSubstanlially true stalements made by an applicant on an Accident and Health application are known as: A.warranties B.representations C.concealments D.waiversWhat are some strategies for reducing adverse selection in insurance markets? What sorts of problems do these solutions cause?