A deductible is a sum of loss from which the insurance policy expressly excludes coverage.
What do you mean by insurance contract?
In a legal document called as an insurance contract, the agreement between an insurance provider and the insured is laid out. Every insurance transaction is centered around the insuring agreement, which specifies the risks covered, the policy's limits, and the length of the policy.
What type of contract is an insurance policy?
One party only makes an enforceable guarantee in a unilateral contract, which is referred to as such. When it comes to making a legally binding commitment to pay covered claims, the insurer alone establishes unilateral contracts that make up the majority of insurance policies.
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I think it’s d because I look on many websites time find the right answer and I think it is d if I’m wrong srry about that
Efficiency wages may cause a <u>surplus</u> of labor because they are <u>above</u> the equilibrium wage.
The efficiency wage is higher than the equilibrium wage, which might result in a labor supply.
Since the efficiency wage in question is higher than equilibrium wages, there will be a labor surplus since more individuals will be eager to work as a result of the wage rise. Due to the fact that supply is more than demand, this will result in a rise in supply and an excess of labor.
There is a labor surplus in the sense that a sizeable segment of the work force produces less than it consumes and its marginal product is below the wage agreed upon via negotiation.
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<u>Evidently, Dr. Waung is working within the "cognitive" perspective.</u>
The cognitive perspective is related about comprehension mental procedures, for example, memory, recognition, considering, and critical thinking, and how they might be identified with conduct.
The cognitive perspective is concerned about "mental" capacities, for example, memory, recognition, consideration, and so forth. It sees individuals as being like PCs in the manner in which we process data (e.g., input-process-yield). For instance, both human brains and PCs process data, store information and have input a yield technique.
