Insurance premiums are payable in advance but the insurance company does not fully earn them until the policy period expires is termed as?
Earned premium is a pro-rated amount of paid-in advance premiums that has been "earned" and now belongs to the insurer. The amount of the earned premium equates to the sum of the total premiums collected by an insurance company over a period of time.
If indirect taxes are subtracted and subsidies are added to Net Domestic Product at market price we get
Consider the following set of data:
{23.32 32.33 32.88 28.98 33.16 26.33 29.88 32.69 18.98 21.23 26.66 29.89}
For any given price, a firm in a competitive market will maximize profit by selecting the level of output at which price intersects the
New loans made = 1000. Fractional reserve ratio is 1/3, by how much deposits will grow?
The theory of comparative advantage in a two−country, two−commodity world can only work if
The theory of purchasing power parity says that .
Consider the matching-pennies game:
Let p= probabi...
A society in which there was garbage collection problem. But there was voluntary problem of payment so some people would participate and some wouldn’t...
Multicollinearity causes
Law of diminishing returns only applies to cases where