When is it typically a good economic decision to purchase a particularinsurance policy?
A. When there is a very small chance that an insurance claim will
need to be made
B. When the potential benefits are more valuable than the cost of the
premiums
C. When the deductible is close to matching the cost of potential
benefits
When other insurance companies offer similar coverage for lower
premiums

Answers

Answer 1
Answer:

"When the potentialbenefits are more valuable than the cost of the premiums" is typically a good economicdecision to purchase a particular insurance policy. Thus, option A is correct.

What is an Insurance policy?

The insurance policy, which establishes the claims that the insurer is legally obligated to pay, is a contract between the insurer and the policyholder. The insurer guarantees to cover damage brought on by dangers covered by the policy wording in exchange for an upfront payment known as the premium.

When there is a large risk of long-term loss and a high likelihood of financial loss, purchasing insurance makes the most sense. It is prudent to share and transfer hazards in these circumstances by purchasing premiums for an insurance policy.

It is normally a wise financial move to get a certain insurance policy "when the potential advantages are more significant than the cost of the premiums". Therefore, choice A is correct.

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Answer 2
Answer:

Answer: When the potential benefits are more valuable than the cost of the premiums

Explanation: just took the test


Related Questions

What was the average person's annual salary in 1915?
When you know someone and like that person, he or she is considered a peer. Please select the best answer from the choices provided.a. True b. False
In most industrial countries, a. the amount of trees that are removed is smaller than the amount replenished.b. harvest rates are surpassed by net annual tree growth.*** c. there is not a diminishing supply of trees. d. trees are being cut down because of the overabundance of trees that exist.
Economic term that indicates that figures have been adjusted for inflation
Which county government system most resembles the structure of the federal government

· Is ruled by a head of government and a head of state· Often has a bicameral legislative branch
· United Kingdom, Canada, and Australia are examples
These items are describing what type of government system?
A) confederation
B) oligarchy
Eliminate
C) parliamentary
D) presidential

Answers

Answer:

C) Parlamentary system

Explanation:

Because those countries share the principles of the  Parlamentary system:  1. Parliament elects the head of the goverment, 2. the legislative power is divided in two chambers, 3. Parliament doesn't share with another state body the direction of the public affairs(The government)  and 4.the head of state has a symbolic function, because he doesn't has political power, for example,  currently Isabel II is the head of state of United Kingdom and Australia at the same time, but those countries have a different head of the goverment.

It's C. Parliamentary.

How did the Gross National Product (GNP) of the US change between 1940 and 1944? It increased slightly. It stayed the same. It more than doubled. It tripled.

Answers

The Gross National Product (GNP) of USA between 1940 to 1945 more than doubled .

The GNP rose from $91 billion in 1939,to $105 billion in 1940 to $126 billion in 1941,to 193 billion in 1943, to $214 in 1945 .

Now if see the GNP jump from 1940 to 1944 is from $105 billion to $214 billion which is more than double.

Answer:

c

Explanation:

what are the differences and similarities between the united states constitution and the florida constitution?

Answers

Answer: It has seven articles, whereas the U.S. Constitution has 12. Florida's constitution has an article for each branch of its government. It also includes articles about local government, education, the election process, and taxation. These articles have far more detail than those in the U.S. Constitution.

Answer:The United States Constitution and the Florida Constitution are two important governing documents, each with their own unique differences and similarities.

One key difference is the scope of their authority. The United States Constitution is the supreme law of the land and provides the framework for the federal government, while the Florida Constitution provides the framework for the state government.

Another difference is the length and detail of the documents. The United States Constitution is a relatively short document consisting of only 7 articles, while the Florida Constitution is much longer and more detailed, with 12 articles and numerous amendments.

Both documents, however, share some commonalities. They both establish a system of government based on the principles of representative democracy, separation of powers, and protection of individual rights. They also both provide for a system of checks and balances to prevent any one branch of government from becoming too powerful.

Additionally, both the United States Constitution and the Florida Constitution protect the rights of citizens through provisions such as due process, equal protection, and freedom of speech.

Overall, while there are some significant differences between these two constitutions, they both serve as important frameworks for the governments they govern, and share some fundamental principles that are critical to a functioning democracy.

Explanation: Research

WHat was one advantage the constitution had over the articles of confederation?

Answers

Answer:

A

Explanation:

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The target of a redemptive social movement is the and the goal is

Answers

The answer is: Individual and to change their entire being.

Redemptive social movement tend to be seeked by the people who had a certain level of dissatisfaction toward their own character, which make them want to change their entire being. One method that often done by such people is by joining religious groups that offers some sort of salvation to their dissatisfaction.

Individual and to change their entire being. 

People in districts represented in Congress are calleda. a census.
c. a quorum.
b. constituents.
d. a caucus.

Answers

The answer is: constituents.

A constituent is a resident of a place that is represented by a politician who has been elected to represent the interests of the residents of that place in question (a district in this case).

When a constituent exercises his or her power of choice through an election, by casting a ballot for his or her choice, he or she then becomes known as a voter.  

People in districts represented in Congress are called constituents. The correct option is b.

Constituents are people who live in a certain area that is represented by a member of Congress. Individual voters within a certain election district, state, community, or organization. Individuals choose one of the MPs from that area and express their interests and preferences.

In an ideal world, leaders and their constituents collaborate to get things done. Constituents are individuals who follow the leader; the phrase encompasses both people who work for or under the leader (for example, the personnel of an organization) and the target population the leader is attempting to assist.

Hence it can be said people in districts represented in Congress are called constituents.

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