The deductible is the amount a person must pay before their insurance will start to pay. For instance, say you have a $1,000 deductible on your car and you have a wreck that causes $3,000 worth of damage. the driver would have to pay the $1,000 first and then the insurance will help cover the other $2,000 at the rate the policy stipulates.
As for pricing, the insurance policies with higher deductibles (meaning the subscriber pays more for losses), the insurance premium would be cheaper than those policies with a smaller deductible.
<u>Answer:</u> The nature of the tax system means that there is usually a trade-off between Equity and Efficiency ability to pay equity opportunity cost .The ability to pay principle pushes governments towards a progressive tax system but equity considerations push them in the other direction . A(n) ability to pay tax, promotes economic efficiency as it does not distort ability-to-pay lump-sum benefits.
<u>Explanation:</u>
Tax equity is the tax codes and tax efficiency is the fair tax payments.In progressive tax system the high income group pays higher taxes. Through this method the inequality in the society can be reduced. This results in economic growth and reduces unemployment and increases the purchasing power of the poor people.
According to the principle the government follows a progressive tax system but with tax equity the people use tax codes to not pay certain taxes. This tax equity pushes it in the other direction.
The local advertiser most likely
offered John a Stock poster, a high-quality advertising at a lower cost. It is ready-made, 30-sheet
posters are available in any quantity and often feature the work of<span> First-class
artists and lithographers. Local florists, dairies, banks, or bakeries simply place
their name <span>in the appropriate spot.</span></span>
Answer:
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