Which of the following is a primary reason that insurance consumers are not well-informed?
A) Insurers have not made much effort to inform consumers.
B) The rewards of making informed decisions are not worth the cost of obtaining the needed information.
C) State insurance regulators do not provide the needed information.
D) Insurance prices are so low that most consumers do not care to be informed.
A
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A maker could NOT use which as a defense against a holder in due course?
A. A raised note B. Prior payment of the maker to a previous holder C. A note given for an illegal purpose D. Legal incapacity of the maker
Which of the following occurs when price is inelastic?
A) Price and revenue change in the same direction. B) Revenues decrease when price increases. C) Revenue is unaffected by price changes. D) Quantity demanded increases when price increases. E) The demand curve is more horizontal.