In Drawing the Production Possibilities Curve We Assume That

question 116

Multiple Choice

In drawing the production possibilities curve we assume that:

• A)technology is fixed.
• B)unemployment exists.
• C)economic resources are unlimited.
• D)wants are limited.

Analyze legal issues involved in insurance claims related to misrepresentations and their impact on the validity of the insurance contract.

Understand the concept of indemnity in insurance and how it prevents profiting from insurance claims.

Explain the legal aspects and implications of specific conditions in insurance policies.

Understand the rights of the insurance company in the context of paying a claim and exercising salvage and subrogation rights.

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Definitions:

Rorschach Inkblot Test

Projective test that uses 10 inkblots as the ambiguous stimuli.

Validity

The degree to which a test actually measures what it’s supposed to measure.

Unconscious

Refers to the part of the mind that influences thoughts, feelings, and behaviors without one's awareness.

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.