Choose the Word or Phrase in [ ] Which Will

question 118

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-A [viatical settlement | guaranteed purchase option] allows a terminally ill insured to receive benefits before death.

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Definitions:

Free Market

A system of voluntary exchange in which every agent is free to produce, buy, and sell “as the market will bear,” without interference or standards set by any outside authority.

Economic Arrangements

The structured and systemic ways in which economic activities and resources are organized, distributed, and managed within a society or between entities.

Minimal Government

A political philosophy that advocates for a government with the least amount of power necessary to maintain social order and protect individual rights.

Anarchy

A state of confusion and social disorder where, in lieu of a ruling government, everyone is allowed to or is able to do whatever he or she wants.