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:

Behaviourism

A theory of learning based on the idea that all behaviors are acquired through conditioning.

Introspection

The practice of self-examining one's mental and emotional states.

Generative

Pertaining to the ability of something to produce or create, often used in reference to languages, systems, or processes that can generate a vast array of outputs from a set of rules or principles.

Extraterrestrials

Beings that are believed to originate from outside of Earth, not native to our planet and often associated with life from other parts of the universe.