Answer:
Life income with certain period annuity
Explanation:
This type of policy guarantees a certain amount of money during the remaining life of the insured. It also guarantees that during a minimum specified time, the certain period, the payments will be carried out even if the insured dies. In this case the benefits will be paid to his/her beneficiary. The insured determines the certain period when choosing the life insurance plan, and the certain period can vary from 5 to 30 years.
Answer:
Derived demand
Explanation:
Derived demand occurs when a good is requested not for benefits they directly provide, but for their contribution to another product.
For example capital, land, labour, and raw materials are demanded for their role in producing a final product.
So they can be seen as goods that have derived demand.
When they demand for the final product increases the good that has derived demand also increases, and vice versa.
Answer:
Comparative advantage
Explanation:
Comparative advantage -
It refers to the method used by a company to produce certain goods or services at a much cheaper and better manner than other company , is referred to as comparative advantage .
As the company can sell the similar product produced at much lower price , and thereby earns more profit for the product .
Thereby , the company has the upperhand over the other companies .
Hence , from the given information of the question ,
The correct answer is Comparative advantage .
Answer:
idk lol I just use this just so I can get my work done
