Match the Term with Its Definition

question 70

Essay

Match the term with its definition.Some terms may not be used.
a.All-risk approach
b.Business risk
c.Compensatory damages
d.Disability insurance
e.Economic damages
f.Health maintenance organization
g.Market risk
h.Named-peril approach
i.Peril
j.Preferred provider organization
k.Pure risk
-A managed-care network providing health insurance that is more expensive but offers a broader choice of medical providers

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Definitions:

Diseconomies of Scale

The phenomenon where production costs per unit increase as the scale of operation or output increases.

Output

In economics, the amount of goods or services produced by a business, industry, or economy.

Marginal Cost Curve

A graph that shows the cost of producing one more unit of a good or service at any given level of production.