Question
The person other than the insured or insurer who has
incurred losses or is entitled to receive payment due to acts or omissions of the insured is called?Solution
A third party is an individual or entity that is involved in a transaction but is not one of the principals and has a lesser interest. An example of a third party would be the escrow company in a real estate transaction that acts as a neutral agent collecting the documents and money that the buyer and seller exchange when completing the transaction. As another example, if a debtor owes a creditor a sum of money and hasn't been making the scheduled payments, the creditor is likely to hire a third party, a collection agency, to ensure that the debtor honours his agreement.
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
I = 200 − 10...
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In a frequency distribution the last cumulative frequency is 500. Q3 must lie in?
In the context of the Classical model, which of the following would cause a shift in the long-run aggregate supply curve (LRAS)?
