Answer: increases the amount of health care consumed by reducing the price of additional units of care.
Explanation:
When individuals have health insurance, they pay only a certain amount of premiums per period yet when they have a health problem, the insurance company will cover the cost of that problem for the most part.
This means that the insured only have to pay a certain amount for healthcare which reduces their overall cost were they to consume additional units because they would not have to pay for those additional units.
Answer:
The answer is b) generally accepted accounting principles
Explanation:
GAAP implies a series of procedures, principles and procedures that companies and their contacts must follow when they write the financial statements. Consult both the rules imposed by regulators, and the accepted principles for transmitting accounting information. The main objective of the GAAP is to establish a basis in the transmission of accounting information, so that it can be interpreted by all. The GAAP principles are mainly used in the United States, since in Europe the regulators affected another set of standards, such as IFRS (International Financial Reporting Standards).
Answer:
The correct answer is option b.
Explanation:
The nominal GDP is a measure of economic growth. It shows the quantity of final goods produced in an economy at the current market prices. It is not inflation adjusted and thus includes fluctuations in price level.
The real GDP on the other hand is exclusive of inflation. IT is a inflation adjusted measure and measures the growth in economic output at constant prices.
So, the basic difference between the two is that nominal GDP is based on current prices, while real GDP is based on constant prices.
Answer:
Option(B) is the correct answer to the given question .
Explanation:
The main objective of Privatisation leads Laws to the facilitate the most companies to seek the sector and to increase market position.The Privatisation increases the efficiency by giving the extra money to the labour or the employee it means it increases the productivity .
- In the Privatisation the higher profit is gained that are distributed to the manager and the higher authority .In the Privatisation the skills of technical is very high .
- In the Privatisation there is increase of higher productivity and higher profit that's why the option(B) is correct.
- All the other option are not correct for the Privatisation definition that's these are incorrect option .
Answer:
Facultative
Explanation:
Facultative reinsurance is a type of coverage which covers a single risk or a block of risks held in the book of business of the insurer who has purchased the cover.
It allows the company which reinsurance to review individual risks which helps in determining whether to accept or reject them
The Facultative reinsurance is more focused in nature.