Which one of the principles of insurance denotes a positive duty of the person seeking insurance to voluntarily disclose accurately and fully?
Utmost Good Faith is one of the principles that insurance is based on. It denotes a positive duty of the person seeking insurance to voluntarily disclose accurately and fully, all facts material to the risk being proposed whether requested or not.
Elistan can produce either 5 monster trucks or 10 cans of silly string in a day. What is the opportunity cost of one can of silly string?
An economist calculated the cross-price elasticity of demand for nicknacks and gizmos and got -0.5. What can she conclude about the relationsh...
The concept of vicious circle of poverty is associated with
For a monopoly firm, which of the following equalities is always true?
Suppose demand and cost function of a monopolist are Q = 5 – 0.25P and C = 4Q+2. If government imposes a tax @10% of sales. What is the total tax ...
A consumer demand curve can be obtained from
If the money supply grows 5 per cent, and real output grows 2 per cent, prices should rise by
Which of the following is true for Disposable Income?
Non-spherical errors are related to
If the market demand is given by Q=250-50p and supply Q=25p+25 then what is equilibrium price in market
