Which of the Following Is a Positive Statement

question 147

Multiple Choice

Which of the following is a positive statement?

• A)The government ought to provide health care for everyone.
• B)People buy more of a good or service when its price falls.
• C)The distribution of income is fair.
• D)Corporations should be more socially responsible.

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Definitions:

Universal Life Insurance

A type of insurance policy that is flexible and allows one to raise or reduce premiums and the amount of coverage on one’s life.

Term Life Insurance

A type of insurance policy covering the insured for a fixed period of time (e.g., 10 or 20 years). Premiums are usually lower for a greater amount of coverage than with other types of life insurance.

Whole Life Insurance

A type of insurance policy with which, for a set annual premium, one receives life insurance coverage and, at the same time, invests one’s money.

Premiums

A designated amount of money paid at regular intervals by an individual or entity for a policy or service, especially in the context of insurance.