This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is an insurance premium?[br][br][b][color=#165FFA]Question 2[/color][/b][br][br]Ronald Coase ... (Read 57 times)

jon_i

  • Hero Member
  • *****
  • Posts: 549
on: Jun 30, 2018
What is an insurance premium?

Question 2

Ronald Coase argued that firms exist due to the presence of
 A) transfer costs.
  B) unions.
  C) transactions costs.
  D) easy market transactions.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yifu223

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jun 30, 2018
Answer to Question 1

An insurance premium is the price paid by an individual to sell the risk to the insurer, covering its payout if the disaster happens.

Answer to Question 2

C


jon_i

  • Member
  • Posts: 549
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

There are more bacteria in your mouth than there are people in the world.

A color-enhanced MRI image of the skull. A color-enhanced MRI image of the skull.
DNA replication matching question DNA replication matching question
Incomplete dominance in snapdragon flower color. Red-flowered snapdragons crossed with white-flowere Incomplete dominance in snapdragon flower color. Red-flowered snapdragons crossed with white-flowere
Question 37 Part 2 Question 37 Part 2
economic question economic question
Chemistry question Chemistry question
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library