When an insurance company chartered in another country has been licensed to operate in your state. In your state, the insurance company is called a foreign insurer.
<h3>What is insurance?</h3>
Insurance refers a policy or agreement which provides financial protection to any individual if he faced any injury or died in accident.In case of injury,it helps in receiving medical claim as per the policies of the insurance company.
A foreign insurer is a corporation based in one state that writes insurance for clients in those other states. In the world of health insurance, foreign insurers are fairly common.
The benfits of these policy is that it offers better benefits in terms and protection to the policy holders as compared to own state.In this insurance the more options are received which is not available in own state.
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The double surplus of worldwide stability of payments leads to the excessive boom of foreign exchange reserves.
Due to the fact region II runs trade (and perhaps funding income) and cutting-edge account surpluses, it's miles in the section of the young creditor kingdom. Combining the 2 areas as an entire, China runs “dual surpluses”—with a $50 billion USD contemporary account surplus, and a $100 billion USD capital account surplus, respectively.
Some of the explanatory factors for this surplus relate to the health crisis. The pandemic has caused a distortion in global demand away from leisure, tourism, and commodities, which China imports in huge quantities, toward clinical merchandise, IT, and domestic equipment, which China exports.
Furthermore, China's goods alternate surplus, the biggest contributing element to the modern-day account surplus, has long been sustained by using processing alternate which imports additives to make finished products for exports.
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Answer:
$7,500
Explanation:
last quarter production was 1,000
production for the next four quarters:
- 900 ⇒ so 100 will be fired = 100 x $5 = $500 firing costs
- 700 ⇒ so 200 will be fired = 200 x $5 = $1,000 firing costs
- 1,000 ⇒ 300 will be hired = 300 x $20 = $6,000 hiring costs
- 1,000 ⇒ no one will be fired or hired
total firing and hiring costs = $500 + $1,000 + $6,000 = $7,500
When a firm pursues a chase strategy, it means that they are following the quantity demanded which is set by the market. They only follow the demand, they do not attempt to increase or decrease it.
Answer: A. Monday
Explanation:
In the article, <em>Storm keeping Millions From Work May Slow Economic Growth</em> by <em>Jeff Kearns</em>, he notes that the timing of Hurricane Sandy was important because Hurricane Sandy struck on a Monday which is the first day of work in the week for many. As a result they had to miss work for most working days which definitely had an impact on Economic output.
Had the Hurricane struck on the weekend then people would have missed less working days and so the effect on the Economy would have been less.
