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Nicole is applying for a health insurance policy. She has liver disease and other health problems. She honestly disclosed the true facts to the insurance agent. However, the agent did not include all the facts in the application. The contract was issued as standard. A claim occurred shortly thereafter. After investigating the claim, the insurer denied payment. Nicole contends that the company should pay the claim because she answered honestly all questions that the agent asked. a On what basis can the insurance company deny payment of the claim? b What legal doctrines can Nicole use to support her argument that the claim should be paid?
Two Processes are under consideration for a certain production. Process A needs acquisition of a new machine which is estimated
What lessons can be learned from the Marshall Plan for a new “Global Marshall Plan” to support the developing countries?
According to the World Bank’s Mind, Society, and Behavior, which two economists are associated with the removal of psychological factors from economics generally and from “making predictions about market outcomes” in particular?
What kind of goods are gasoline and road deaths. How might this impact how we evaluate increases in gasoline prices.
Labor force = number of employed. Labor force = population - number of unemployed. Unemployment Rate = number of unemployed ÷ (number of employed + number of unemployed) X 100.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Relative to Tom, does Dick require more bananas, less bananas, or the same number of bananas to give away an apple.
Small minimum efficient scale in assembly operations indicate high or low entry threat in the PC business
The supply of Beetles is elastic. Based on this information, are the following statements true or false? Explain your reasoning. A 10% increase in the price of a Beetle will reduce the quantity demanded by 20%. An increase in consumer income will inc..
Why and under what situation should a company continue to operate when getting negative economic profits
We know that the optimal consumption point is where the Indifference Curve is tangent to the budget constraint (i.e., MRS=Relative Price). Why are points along an indifference curve that intersect the budget constraint less than optimal?
qx 100 - 0.4pxqx 40 0.2pxa. at what price level would demand for good x equal zero?b. at what price level would
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