Question
What is the term for insurance purchased by an insurance
company directly from one or more insurance companies or through a broker for the purpose of risk management?Solution
Reinsurance, often called "insurance for insurance companies," results from a contract between a reinsurer and an insurer. In it, the insurance company—known as the ceding party or cedent—transfers some of its insured risk to the reinsurance company.
As the degree of product differentiation increases among the products sold in a monopolistically competitive industry, which of the following occurs?
New loans made = 1000. Fractional reserve ratio is 1/3, by how much deposits will grow?
Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
Which one of the following is not an assumption of Marshall’s Cardinal Utility Analysis ?
If the sum of the product of the deviation of X and Y from their means is zero, the correlation coefficient between X and Y is:
In a market economy
Based on the sticky-price model, the short-run aggregate supply curve will be steeper, the greater the_____
  Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the Golden state level of capita...
If, C = 250 + 0.5 (Y-T) , I = 250-500i, i=0.1 and G=T= 300. What will be the equilibrium level of income?
By _____________ economists refer to an unanticipated inflation that reduces the real value of outstanding government debt.
Relevant for Exams:
