HAPPY INSURANCE
Observe the HAPPY INSURANCE DATABASE:
CLIENT AGENT AREA

question 11

Essay

HAPPY INSURANCE
Observe the HAPPY INSURANCE DATABASE:
CLIENT
$$\begin{array} { l l c l } \text { ClientID } & \text { ClientName } & \text { CientAgent } & \text { ClientSpouseName } \\\text { C111 } & \text { Tom } & \text { A1 } & \text { Jenny } \\\text { C222 } & \text { Kain } & A 1 & \text { Bill } \\\text { C333 } & \text { Cole } & A 2 & \text { Amy } \\\text { C444 } & \text { Dorothy } & A 2 & \\\text { C555 } & \text { Anay } & A 3 & \text { Amy } \\\text { C666 } & \text { Tina } & A 3 & \text { Madt } \\\text { C777 } & \text { Christina } & A 4 & \text { Mike }\end{array}$$ AGENT
$$\begin{array} { l l l l l c } \text { AgentID } & \text { AgentName } & \text { AgentArea } & \text { AgentRating } & \text { AgentYearofHire } & \text { SupervisedBy } \\\text { A1 } & \text { Kate } & 1 & 101 & 1990 & \\\text { A2 } & \text { Amy } & 2 & 92 & 2009 & \text { Al } \\\text { A3 } & \text { Luke } & 3 & 100 & 1992 & \\\text { A4 } & \text { James } & 3 & 90 & 2010 & \text { A3 }\end{array}$$ AREA
$$\begin{array} { l l l } \text { ArealD } & \text { AreaName } & \text { AreaHQ } \\1 & \text { East } & \text { Boston } \\2 & \text { West } & \text { San Francisco } \\3 & \text { Central } & \text { Chicago }\end{array}$$
This database will be used for the following questions citing tables from the HAPPY INSURANCE database.
-Show the CREATE TABLE statements for the table AGENT (assume that non-primary key columns can be optional. )

Interpret graphical data to understand trade outcomes.

Understand the concept of total surplus in a market without and with international trade.

Comprehend how trade impacts consumer and producer surplus.

Analyze the effects of tariffs on domestic markets, including government revenue and deadweight loss.

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Definitions:

Negative Externalities

Costs suffered by a third party as a result of an economic transaction they were not involved in, such as pollution.

Unethical And Illegal Behavior

Actions that are morally wrong and prohibited by law, ranging from fraud and corruption to violations of human rights.

Paradox Of Voting

The situation where the individual incentive to vote (given the small chance of influencing the outcome) contrasts with the collective benefit of everyone voting.

Rent-Seeking Behavior

Rent-seeking behavior occurs when individuals or firms seek to increase their own wealth without contributing to productivity, often through political manipulation or monopolistic practices.