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Gnoma [55]
2 years ago
15

As an economic concept, scarcity applies

Business
2 answers:
LiRa [457]2 years ago
4 0

Answer:

A

Explanation:

bot money and time is the right answer

Masteriza [31]2 years ago
4 0

Answer:

A

Explanation:

both the poor and the rich. Scarcity requires that people must. make choices. As an economic concept, scarcity applies to. both money and time.

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Korolek [52]
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4 0
3 years ago
1. Production in insurance refers to the policies they produce: * True or False?
frosja888 [35]

Answer:

false

Explanation:

8 0
2 years ago
W gave w's age as 50 when w purchased a life policy. at the time of w's death seven years later, the company discovered w's true
kvasek [131]

The normal procedure under the misstatement of age provision in regard to the payment of the death claim is that the procedure would be reduced based on the premium in which whatever it would have been if this has been purchased at the age of fifty nine years old.

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3 0
2 years ago
Read 2 more answers
Sarah is using the needs approach to determine how much life insurance to buy. Her cash needs are $30,000; her income needs are
levacccp [35]

Answer:

$130,000

Explanation:

Sarah is making use of the needs approach to determine how much life insurance to buy

The first step is to calculate the total amount of life insurance

Total amount of life insurance = Total needs - total assets

Total need = income needs + cash needs + special needs

= $140,000 + $30,000 + $100,000

= $270,000

Total assets= retirement plan + bank account + investment account

= $30,000 + $20,000 + $40,000

= $90,000

Total amount of life insurance = $270,000-$90,000

= $180,000

Since Sarah is covered by $50,000 group insurance by her employer then the additional life insurance that should be purchased can be calculated as follows

= $180,000 - $50,000

= $130,000

3 0
3 years ago
Sage Company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $18.00
Juliette [100K]

Answer:

$120,000 decrease.

5 0
2 years ago
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