Naomi Owned an Inventory of Widgets Worth $100 000

question 56

Multiple Choice

Naomi owned an inventory of widgets worth $100 000.She purchased $40 000 worth of property insurance from Huron Insurance Co.That policy contained a co-insurance clause that required at least 80 percent coverage.A flood caused extensive damage to Naomi's widgets.Naomi will be entitled to receive a benefit of $20 000 if the flood caused damage worth

• A)$20 000.
• B)$30 000.
• C)$40 000.
• D)$60 000.
• E)$80 000.

---

Definitions:

Brain Drain

The migration of skilled professionals from one country to another, often for better career opportunities or living conditions.

Highly Educated Workers

Individuals who have attained a high level of education, typically resulting in specialized skills and knowledge.

Low-income Countries

Nations with a gross national income (GNI) per capita significantly lower than the global average, often characterized by limited economic resources and infrastructure.

High-income Countries

Nations with a gross national income per capita significantly above the global average, indicating advanced economic development.