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What would happen if public goods were marketed like private goods?
public goods would be overproduced
Examples of substitute goods and complementary goods under supply?
tea and coffe are substitute goods tooth brush and tooth paste are complementary goods
What will happen if there was no money or bartering?
Everyone would have to produce their own goods.
Which of these does not happen when a nation's currency strengthens?
Foreign goods become more expensive.
What does not happen when a nation's currency strengthens?
Foreign goods become more expensive
Can you drive a car that has insurance but not under your name?
If you're liscensed, and have permission from the person under which the car is insured, you are able to drive the car if it is insured even if you yourself are not insured
What are the essential feature of insurable risk?
A risk cannot be insured until it meets certain conditions.It means that the risk should not be created by the insured himself. That is,If the goods insured have been set of fire by the insured,the insurance company will not be responsible
What will happen if a fully insured driver hit your car and you have no insurance?
You may get a ticket for no insurance. But you can still file a claim under the at fault drivers auto insurance.
Your parents are divorced whos auto insurance do you need to be insured under?
You need to be insured where you live.
What is a co-insured?
Co-InsuredThe "Co-Insured" is another person or entity that is also covered under your insurance policy.
Can you have two cars insured under one name?
Yes
What is the insured peril under standard fire policy?
Fire.
Does a teen driver have to be insured if living at home?
Yes a teen have to be insured if living at home. The teen would have to be under the parents insurance.
Can insurance agent ask to upgrade your homeowners insurance?
Sure, If your Insurance Agent feels you are under-insured they can and are actually obligated under ethics legal duty to advise you to amend or upgrade your coverage. If you are in an under-insured situation and refuse to rectify it, your agent may even recommend cancellation of the policy in that an agents ethical requirements under the law may not allow the agent to facilitate an under-insured risk.
What would happen if public goods were marketed like private goods?
public goods would be overproduced
Who is a professional when referring to the exclusion under a commercial general liability policy for professional fees?
The "Professional",, would be the person or entity "Insured" under the contract.
Why did America boycott Chinese goods?
When did that happen?
