Suppose That at the Time of a $40,000 Loss, Your

question 41

Multiple Choice

Suppose that at the time of a $40,000 loss, your home has a replacement value of $200,000.And suppose you have $140,000 worth of insurance on it.Calculate the amount that you would receive from the insurer.

• A)$35,000
• B)$40,000
• C)$20,000
• D)$17,500
• E)$30,000

---

Definitions:

Subsistence Farmers

Farmers who grow food crops to meet the needs of themselves and their families, with little or no surplus for trade.

Severe Deforestation

The widespread and rapid removal or destruction of forests at an alarming rate, leading to ecological imbalance.

Draft Animals

Animals that are trained and used for heavy physical work, such as plowing fields and pulling carts.

Specialized Farming

Agricultural practices focusing on the cultivation of specific crops or the raising of certain types of livestock, often to maximize efficiency and output.