In a Particular Insurance Market,there Is a Decrease in the Degree

question 114

Multiple Choice

In a particular insurance market,there is a decrease in the degree of risk aversion among suppliers.Holding everything else constant,the equilibrium premium will _____ and the equilibrium quantity of insurance will _____.

• A)increase;increase
• B)decrease;decrease
• C)increase;decrease
• D)decrease;increase

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Definitions:

Antiseptic

Substances used on the skin or living tissues to inhibit the growth of microorganisms.

Sterile Drape

A sterile covering used in surgical procedures to prevent contamination of the surgical site.

Hand Antiseptics

Products used to cleanse hands, killing or inhibiting the growth of microorganisms to prevent infection.

Sterile Drape

A sterile covering used in medical procedures to maintain a sterile field by isolating the operative area from possible contaminants.