Comprehensive Coverage Would Cover Financial Losses Due to

question 43

Multiple Choice

Comprehensive coverage would cover financial losses due to

• A)injuries caused by a driver without insurance.
• B)damage to your car in an accident for which you were at fault.
• C)damage to your car caused by wind or hail.
• D)legal action against you for an accident.
• E)damage to a neighbor's tree with your car.

---

Definitions:

Price Floor

A government or group-imposed price control that sets the lowest legal price a commodity can be sold at.

Government

The organization or system through which a community, state, or nation is governed and regulatory and administrative functions are conducted.

Binding Price Floor

A binding price floor is a government-imposed limit on how low a price can be charged for a product or service, set above the equilibrium price, leading to potential surpluses.

Surplus

The excess of supply over demand in a market, resulting in lower prices.