Examlex
What is the placebo effect? Describe some research techniques that have been developed to separate specific drug effects from placebo effects.
Deductible
A sum specified in an insurance policy that the insured individual must pay before being compensated for a claim; deductibles reduce moral hazard.
Premium
The amount paid for an insurance policy, or the difference between the higher price paid for a fixed-income security above its face value.
Insurance Companies
Organizations that provide risk management by compensating for financial losses in exchange for premium payments.
Private Information
Information that is not publicly available and may give an individual or business a competitive advantage.
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