1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natima [27]
3 years ago
15

Insurance is deemed by some as a social and merit good. Discuss the pros and cons of insurance within the context of it being de

scribed as a social good. With that being said, whose responsibility is it to provide insurance to society? Corporates, Individuals or the Government? Substantiate your opinion to its full extent.
Business
1 answer:
Alex787 [66]3 years ago
8 0

Insurance is a social and merit good as it makes financially risk averse people better off. It can help protect a business or a person from financial loss, liabilities or instability in the case of an owner or business partner's death. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.

You might be interested in
A computerized spreadsheet programs is useful for
Oksana_A [137]
I think the answer is A. Sorting and charting data from surveys
8 0
3 years ago
Complete the following sentence. When the long run average cost (LRAC) curve has a positive slope, it implies there are:
Andreas93 [3]

Answer:

It implies there are diseconomies of scale.

Explanation:

It implies there are diseconomies of scale in the industry

Because as the quantity of units output increase, the cost also increase. While in economies of scale, the slope for the LRAC will be negative, as each increase in output lowers the cost.

When this occurs, there is a lower change of monopoly in the industry, as the larger firm also faces the larger cost, so the supply tend to be more diverse.

While a, indifined negative slope will generate monopolies as their cost become lower at gerater the output.

4 0
3 years ago
_____ describes how the owner and employees think, feel, and act as a business
Rufina [12.5K]

Answer: I believe it is Corporate Culture, B.

Explanation:

7 0
2 years ago
Century Real Estate’s primary broker is John Kerr. John is licensed as the broker of that company and he is licensed as a broker
fomenos

Answer:

The broker is doing two different jobs; so it is okay to have two different licenses.

Explanation:

In this case, since the broker is doing two different jobs then it is okay for him to have two different licenses. In a hypothetical case that the individual Broker was doing the same job role for two different companies then that would be considered a form of conflict of interest and may cause problems with both firms in the future. Since this is not the case, then he should not have any problem.

3 0
3 years ago
Which are objects that fulfill the needs and wants of consumers?
Lostsunrise [7]
The objects that fulfill the needs and wants of consumers are products.
7 0
3 years ago
Other questions:
  • Which of the following describe the product in the marketing mix?
    14·2 answers
  • What are the cons to raising a minimum wage? ​
    8·2 answers
  • What is the annual percentage rate on a loan with a stated rate of 2.75 percent per quarter?A. 11.00 percentB. 11.09 percentC. 1
    9·1 answer
  • * Help you guys please* Would you be willing to pay extra money to use nitrogen in your tires? Explain why or why not
    10·1 answer
  • What percentage of job openings are published
    13·1 answer
  • Tina is a real estate broker who has been asked to sell a property by a client. The property is exactly what she has wanted for
    13·1 answer
  • Hall Co.’s allowance for credit losses had a credit balance of $24,000 at December 31, Year 1. During Year 2, Hall wrote off unc
    7·2 answers
  • 9. Search costs are
    9·1 answer
  • A traveler needs to _____________ only when upon returning from an international trip.
    9·1 answer
  • What are two ways lean budget guardrails guide value stream investment decisions?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!