Refiners are in the secondary sector of the market because they are taking inputs and making them into products for consumption.
Answer:
Non-forfeiture option
Explanation:
Insurance is usually taken to guard against uncertainty of an event in the future. For example if a fire breaks out in an office, insurance can be used to regain an agreed portion of the office value from the insurance company.
It is a way of guarding against risk.
Non-forfeiture option is used to prevent unintentional coverage payment lapse.
This is done with the use of automatic premium loan and grace periods in case of default.
The normative economic analysis involves <u>value judgments and opinions.</u>
<h3><u>By normative economic analysis, what do you mean?</u></h3>
Normative economics is an approach to the study of economics that expresses normative or ideologically prescriptive judgments on economic development, investment initiatives, claims, and scenarios.
Normative economics is heavily concerned with value judgments and declarations of "what ought to be" rather than facts based on cause-and-effect statements, in contrast to positive economics, which is dependent on objective data analysis. It reflects ideological opinions regarding potential outcomes for economic activity in the event that public policy changes. It is impossible to verify or validate normative economic claims.
Learn more about normative economics with the help of the given link:
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Employers would most likely to expand their business and hire more people
People would be richer
People would also buy less things for the price of products
Lot of debt
Demand probably won't be a problem (in some cases)
Answer:
the three types of occupation are basic level occupation . medium level occupation and high level occupation
