Answer: ANSWER: Pure
Explanation: Only pure risks are insurable because they involve only the chance of loss. They are pure in the sense that they do not mix both profits and losses. ... Both speculative risk and pure risk involve the possibility of loss. However, speculative risk also involves the possibility of gain as well - even if there is no loss.
Answer:
The correct answer to the following question is true .
Explanation:
Double taxation refers to a tax principle , according to which income taxes are paid twice from the same source of income. This taxation occurs at both the personal and corporate level and also in the situations when international trade takes place , where income would be taxed twice in two different countries . The reason why double taxation occurs is because a corporation is considered as a separate legal entity from its shareholders.
Answer:
C) consumption and output
Explanation:
A fiscal contraction refers to decreasing a government's deficit. A government has a deficit when it spends more than the revenue it gets from taxes. Therefore if the government wants to reduce its deficit, it will decrease public expenditure and/or increase taxes. Any of those actions will also lead to a decrease in public consumption and total economic output.
