Which of the Following Statements Is Correct

question 3

Multiple Choice

Which of the following statements is correct?

• A) Net Premiums Written by Life-Health Insurers have decreased between 1998 and 2008.
• B) Net Premiums Written by Property-Liability Insurers have stayed basically the same between 1998 and 2008.
• C) Net Premiums Written by Life-Health Insurers were higher than those written by Property-Liability Insurers in 1998.
• D) Net Premiums Written by Life-Health Insurers were lower than those written by Property-Liability Insurers in 2008.

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Definitions:

Quantities Demanded

The total amount of a good or service that consumers are willing to buy at a given price over a specified period.

$5.00

A monetary value equivalent to five dollars.

Equilibrium Price

The price in the market where the amount of goods being offered matches the amount of goods people want to buy.

Increase

A situation where there is a rise in magnitude, quantity, or degree.