Which of the Following Statements Is True of Disability Insurance

question 10

Multiple Choice

Which of the following statements is true of disability insurance?

• A)You should have it even if you are retired and living on a pension.
• B)The principle of indemnification will limit the amount of coverage you can get.
• C)If you are self-employed, you should have no need for disability insurance.
• D)The combination of CPP, EI and Workers Compensation should provide you with sufficient coverage.

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Definitions:

Per Se Violation

An action that is inherently illegal under antitrust laws, without needing to prove its harm on competition.

Price-fixing

The practice where businesses conspire to establish prices at a certain level, rather than letting them be determined by free-market forces.

Herfindahl Index

A measure of market concentration that is calculated by squaring the market share of each firm competing in a market and then summing the resulting numbers.

Economic Concentration

The degree to which a small number of firms occupy a large proportion of the market in a particular industry.