Which of the Following Might Explain Why the Supply Curve

question 83

Multiple Choice

Which of the following might explain why the supply curve of insurance policies would shift to the right?

• A)There is an increase in wealth of the sellers of insurance.
• B)There is an increase in premiums.
• C)There is an increase in risk aversion.
• D)There is an increase in diversification.

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Definitions:

Nuclear Arms Reduction

Efforts and agreements aimed at reducing the number and capacity of nuclear weapons globally to prevent nuclear proliferation and decrease the likelihood of nuclear warfare.

United States

The United States is a federal republic in North America, comprised of 50 states, known for its significant influence on global politics, economy, and culture, and for its leadership in democratic values.

Berlin Uprising

A major revolt in East Berlin in 1953 by workers and citizens against the government of the German Democratic Republic (East Germany), brutally suppressed by Soviet forces.

East German Government

The government of the German Democratic Republic (East Germany), a socialist state that existed from 1949 to 1990, aligned with the Soviet bloc.