Answer:
Insurable interest
Explanation:
The insurance interest is the interest of the insurer while taking the policy so that the risk of the loss is reduced also it is an important requirement that makes the firm or the event to be legal, valid, enforceable, and protected against any harmful acts done intentionally
Therefore according to the given situation, the concept in which enough interest must exist on the part of the insurer while taking the policy is known as the insurer interest
Hence, the first option is correct
Answer:
Take out a loan from a bank don't borrow from family it could ruin your relationship with them
Explanation:
If you take a loan you might have to pay interest depends on the bank and the time you take to pay it back.
If you take a loan from a family member it depends on their financial situation if they have loads of money they might be patient but if they have not lots of money but still some money they might be annoyed on how long you take so my conclusion is take money from the bank.
The answer is C.<span>Process Costing
Processing cost happens when company produce a large quantity of product that are nearlly identical visually.
This system based on leveraging the fixed-cost that will remain the same no matter what and how much the resource is used to produce the produc tuntil it's sold to the customers</span>
Answer:
Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.
a. Caroline spends $10 to get her car washed.
b. Antonio spends $150 to purchase a necklace from Classy's jewelry Store.
<h2>
c. Antonio earns $275 per week working for Spotless Car Wash.</h2>
Answer:
There are 2 potential arrangements: Vietnam specialize in producing Shrimp and Ecuador specialize in producing wheat; or Vietnam specialize in producing Wheat and Ecuador specialize in producing shrimp.
Explanation:
In either case, the total outcome will be 100 units (since bushels and pounds are exchangeable, they are considered the same). According to the combined preferences of bilateral trade, each combination could increase the total goods to be traded. In the 1st case could be 20 units (the wheat that Ecuador could exchange to get some shrimp), and the 2nd case could be 40 units (the Wheat that Vietnam could produce and trade). The 2nd case could end in a more balanced distribution of the total products, since the deviation of produced units among countries is lower (60 unites of shrimps and 40 units of wheat respectively)