Answer:
injunction
Explanation:
Based on the information provided within the question it can be said that in this scenario Edward may seek an injunction. This is a court order that compels a party from continuing and further action that they may be doing or even compelling them to do a certain action. Which in this case since David is breaching the contract terms, the court will apply an injunction to stop David and/or make him give first rights of refusal to Edward as agreed to in the contract.
Answer:
The trough is the bottom of the recession period, unemployment is at its highest, inflation is low. ... expansion (recovery) is when output is increasing, unemployment begins to fall and later inflation begins to rise.
He or she is getting the same amount every week.
The expected annual medical expenses of a high-risk person is $3000 per year while that of a low-risk person is $1000 per year.
The expected annual medical expenses of a high-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 30% × $10000
= 0.3 × $10000
= $3000
The expected annual medical expenses of a low-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 10% × $10000
= 0.1 × $10000
= $1000
It should be noted that in a situation where the individuals are risk neutral, the low-risk persons will not buy insurance as only the high-risk individuals will be expected to buy<em> insurance.</em>
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