The Internet Has Resulted in Lower Search Costs, Increased Price

question 64

Multiple Choice

The Internet has resulted in lower search costs, increased price comparison, and lower prices to consumers for which insurance product line?

• A) term life insurance
• B) automobile insurance
• C) health insurance
• D) property and casualty insurance

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Definitions:

Theory

A general explanation of a set of observations or facts.

Positive Correlation

A relationship between two variables where they move in the same direction, meaning as one variable increases, the other also increases, or as one decreases, the other also decreases.

Stress

A state of mental or emotional strain resulting from adverse or demanding circumstances.

Theory of Emotion

A framework for understanding how emotions are experienced, expressed, and recognized in oneself and others.