This topic contains a solution. Click here to go to the answer

Author Question: Actual insurance premiums charged by insurance companies may exceed the actuarially fair rates ... (Read 89 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
Actual insurance premiums charged by insurance companies may exceed the actuarially fair rates because:
 
  A) the insurance companies have monopoly rights issued by state regulators.
  B) the insurance companies are risk averse.
  C) there are administrative costs and other expenses that must be covered by the premia.
  D) insurance companies tend to over-state the risks they face.

Question 2

Which of the following goods has a low, but positive, income elasticity of demand?
 
  A) furniture.
  B) new cars.
  C) health insurance.
  D) all of the above
  E) none of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dyrone

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

C

Answer to Question 2

C




mpobi80

  • Member
  • Posts: 519
Reply 2 on: Jul 1, 2018
Wow, this really help


momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

For a complete list of videos, visit our video library