For a Minor Traffic Accident,it Is Not Necessary to Call

question 67

True/False

For a minor traffic accident,it is not necessary to call the police if you plan on submitting a claim to your insurance company.

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Definitions:

Capital Goods

Long-lasting tangible assets that businesses use in the production of goods and services, such as machinery, buildings, and equipment.

LDCs

Less Developed Countries, nations with a lower level of material wealth, industrialization, and socio-economic development.

Terms Of Trade

The ratio at which a country can trade its exports for imports from other countries.

Price Stability

An economic objective aiming to maintain a steady rate of inflation, allowing for predictable planning and investing.