Answer: False
Explanation:
A tariff is a tax that is imposed by the government of a particular country in order to curtail the number of imported goods brought into the country.
Based on the above scenario, the reduction in consumer surplus is not $500 million but rather $600 million which is the addition of $100 million, $200 million and $300 million.
Therefore the question is false.
The correct answer is Tax free.
An Accelerated Death Benefit (ADB) enables the holder of a life insurance policy to obtain a portion of the death benefit from the insurer before passing away. The policyholder must typically have a terminal illness with a life expectancy of two years or fewer.
<h3>How are benefits for hastened death paid?</h3>
A lump amount may be provided as part of some hastened death benefits. With a benefit for a terminal disease, this happens more frequently. Payments for chronic illnesses are more frequently made. According to Schelhaas, some accelerated death benefit riders are simple because they pay a specific portion of the death benefit.
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Answer: Option (a) is correct.
Explanation:
Correct option: Aggregate demand shifts right.
Aggregate demand = consumption + government spending + Investment + Net Exports
Other things remains constant, if there is an increase in the government spending, as a result aggregate demand curve shifts rightwards. This will lead to increase the price level and level of output.
Answer:
C expense meaning cost money
