Seth is certainly the one who needs a long term care insurance.
A long term care insurance is a policy that covers the nursing bills for older citizens who are 65 years and above. It is an advance payment that covers about six or more years.
Such a policy is of more importance to Seth who has spent most of the money that he has made and keeps spending. He may not have enough money to cover his nursing bills in old age but Colin would depend on his long term savings.
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The switching from old gas guzzlers to more fuel-efficient cars is an example of substitution effect.
Substitution effect is the switching of customer from a more expensive product to a cheaper product. This is usually because of an increase in price or a decrease in the customers income.
Substitution effect can be positive for consumers if they can continue to by the products they like. Also, this effect can be negative for consumers if it results in fewer choices of that product or products of lower quality.
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The Paleozoic Era is bracketed by two major events in earth's history. It began with an unexplained explosion in animal life and ended with the world's largest mass-extinction known to man. The causes of these great events are currently unknown and under debate.
Explanation:
Single displacement reaction is defined as the reaction in which more reactive element displaces a less reactive element from its chemical reaction. The reactivity of metal is determined by a series known as reactivity series. The metals lying above in the series are more reactive than the metals which lie below in the series
