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Oksanka [162]
4 years ago
14

The problem of ________________ in insurance markets is that insurance companies are unable to ______________ . Group of answer

choices
Business
1 answer:
ch4aika [34]4 years ago
6 0

Answer:

adverse selection, differentiated those with high risk and low risk

Explanation:

Adverse selection refers to the selection in which an individual gained the insurance at a cost but it is below the level of risk. In other words we can say that the applicant pay the lower amount of premium in case of higher premium charged by the company as the company is not aware of the fact

In the given case, the problem of adverse selection is there that unable to differentiate between a high level of risk and lower level of risk

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A main component used in the production of drum heads has risen in price by 9%. Demonstrate the effect this has on the equilibri
drek231 [11]

Answer:

<h2>Basically,an increase in the price of the main component used in drum head production will lead to a decrease in the overall supply of drum head and an increase in the equilibrium price of drum heads in the market,everything else held constant.</h2>

Explanation:

  • An increase in the price of the main component used in drum head production by 9% implies an increase in the overall cost or expense of producing drum heads by the drum head producers or firms.
  • Hence,a price increase of the main component used to make drum heads will lead to a decrease in the total or overall supply of drum heads in the market,illustrated by a leftward or upward shift of the market supply curve of drum heads in the graphical model of drum heads market.
  • Now,as the market supply curve for drum heads shift rightward or upward,the equilibrium price of drum head in the market will increase,as the market supply of heads have decreased with no change in the market demand of drum heads and everything else being held constant.
4 0
3 years ago
What do you think are the most important components of budgeting? Why?
Murljashka [212]

Answer:

I would have to say figuring out ur cash flow where its going after u earn it and making sure u keep track of ur savings

Explanation:

5 0
3 years ago
If the residual value of a leased asset turns out to be more than the amount guaranteed by the lessee, the:
sdas [7]

Answer:

D. Lessor is not obligated to compensate the lessee for the excess.

Explanation:

A lease agreement is a contract that allows for the use of an asset but does not convey ownership rights of the asset. It is a contract that exist between a lessor and a lessee that allows the lessee rights to the use of a property owned or managed by the lessor for a period of time.

If the residual value of a leased asset turns out to be more than the amount guaranteed by the lessee, the: Lessor is not obligated to compensate the lessee for the excess. because the lessee is  responsible for the condition of the property during the lease period.

8 0
3 years ago
The demand curve for coffee shifts Group of answer choices only when income changes. when a determinant of the demand for coffee
irinina [24]

Answer:

when a determinant of the demand for coffee other than the price of coffee changes

Explanation:

There should be the demand curve of the coffee shifted at the time when the coffee demand other than the coffee price change i.e. it can be increase or decrease. In other words, all the factors are changed other than price so there would be the shift in the demand curve of the coffee

So as per the given situation, the above represent the answer

3 0
3 years ago
URGENT QUESTION - BUSINESS/COMPUTERS - I JUST NEED ADVICE/HELP
Korolek [52]
Hop it helped you and you get a good grade on that assignment 
6 0
3 years ago
Read 2 more answers
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