Answer:
The correct answer is subprime mortgages.
Explanation:
Subprime mortgages are loans that are provided to those individuals who have low credit scores. These individuals do not qualify for conventional mortgages because of low credit score. They may have a high debt to income ratio or other signs showing a higher risk of default. A higher interest rate is charged on these loans.
Defaults on subprime loans have been blamed for the financial crisis of 2008.
Firms in the oligopoly typically act more like competitors.
Explanation:
The result of a prisoner's dilemma in a duopoly is often that even though firm A and B could make the highest combined profits by cooperating, in producing lower level of output and act like a monopolist. The two firms end with an increasing output and earn only $400 in each profits.
Since the number of sellers in an oligopoly grows larger, the market looks like a competitive market. There are more chances to get incentive or cheat if the person or firm cooperated.
The prisoner's dilemma is a game that tells why cooperation is difficult to maintain for oligopolists. in this game the strategy of each actor is to defect.
Answer:
The person examined.
Explanation:
The California insurance code
This Insurance Code is known as a set of statutes set up by the state legislature and is responsible for the regulation of the business of insurance in California. The Commissioner does not have the authority to change the Insurance Code and only the state legislature has the authority to write or amend the Insurance Code.
The Insurance Commissioner
This office is elected by the people and usually serve up to two 4-year terms. The Commissioner's term runs concurrently with that of the Governor. The Commissioner has the authority to conduct examinations of an agent or insurer's books and records at any time.
The Insurance Commissioner's Duties and Responsibilities
1. File and keep all books and papers as required by law
2. Responsible for the Issue of Certificates of Authority to companies that meet the requirements of state law
3. Issue, refuse, revoke or suspend licenses or Certificates of Authority etc.
Answer:
Limited liability for shareholders
Explanation:
Limited liability implies that owners or shareholders are legally responsible for the company's debts only to the extent of the amount of capital the shareholders invested.
Calculate for the total earnings gained from working by multiplying the number of hours worked and the hourly wage.
E = (27.25 hours)($5.15 /hour) = $140.3375
The total taxes and items that need to be paid is,
T = $6.19 + $10.74 + $6.37 = $23.3
Subtracting from the total earnings the latter,
NP = $140.3375 - $23.3 = $117.04
Answer is the third choice, $117.04.
