The minimum efficient scale of production is high when fixed costs are low.

Liability items on an insurer's balance sheet that reflect obligations that must be met in the future are called

A) pre-paid expenses. B) reserves. C) surplus. D) nonadmitted assets.

Keeping your funds in liquid assets is riskier than keeping them in illiquid assets and therefore investors require a higher expected rate of return on liquid assets

Indicate whether this statement is true or false.