In such a scenario the insurer should cancel or repeal the policy by T, deny the claim by the insured and recover all the payments he had made. This is because the cause of fire was not accidental but instead was caused by the insured in order to receive compensation. This is because, for a compensation or a policy to be valid it has to be accidental and not castigated by an individual in order to seek or claim compensation from the insurer.
Answer:
20%
Explanation:
The computation of rate of return on the fund is shown below:-
Net assets value at the beginning = Total assets ÷ Number of shares
= $390 million ÷ 15 million
= $26 million
Net assets value at the end of the year = (Total assets - Expenses) ÷ Number of shares
= ($440 million - ($440 million × 2%)) ÷ 16 million
= ($440 million - $8.8 million) ÷ 16 million
= $26.95 million
Now,
Rate of return = (Net assets value at the end of the year - Net assets value at the end of the year + Income distribution + Capital gain distribution) ÷ Net assets value at the beginning
= ($26.95 million - $26 million + $4 per share + $0.25 per share) ÷ $26 million
= $5.2 million ÷ $26 million
= 20%
Answer:
They are forces of production and social relations of production.
Explanation:
In Marxism and historical materialism the forces of production are a central idea. In the own critique of political economy by Karl Marx and Frederick Engels, it refers to the combination of the means of labor with human labor power.
forces of production is a term used in political economy that refers to the physical means and production techniques to which laborers add value and transform capital into saleable products.
By " relations of production," Marx and Engels meant the total sum of social relationships that people have to enter to survive, produce, and reproduce their means of living...relations can be social ties, economic relationships, or technological relationships.
Answer:
True
Explanation:
The <em>Substitution Effect</em> is the effect on the demand of a certain product because of variations of the prices of the product or the income of households. The concept illustrates how quantities demanded of a product decrease as the population find other products to substitute it.
