Which of the Following Is Covered Under Collision Automobile Insurance

question 5

Multiple Choice

Which of the following is covered under collision automobile insurance for a car? ​

• A)Unintentionally crashing the car while hauling a horse trailer
• B)Crashing a car in the sidewalk while being in an drunk state
• C)Damage to the car caused by a donkey kicking the door
• D)Windshield damage as a result of a hailstorm

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Definitions:

Deadweight Losses

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable.

Deadweight Loss

The dip in economic performance due to the non-achievement or the impracticality of achieving the market balance for a good or service.

Government Programs

Initiatives and schemes developed and introduced by the government aimed at improving the welfare of its citizens, which can include healthcare, education, and social security among others.

Deadweight Loss

An economic inefficiency that occurs when the total amount of losses in welfare or surplus exceeds the gains, often due to taxes or monopolies.