The portfolios of property and casualty insurance companies are generally concentrated in

A) liquid assets.
B) mutual funds.
C) primary securities.
D) U.S. Treasury bonds.

A

Economics

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Production refers to

A) physically producing material goods only. B) any activity carried on by a firm, whether a corporation, partnership, or sole proprietorship. C) any activity that results in the conversion of resources into goods and services that can be consumed. D) any activity that causes a material conversion of manufactured goods.

Economics

In the curve, a decline in the tax rate from c to b would:



A.  increase tax revenue.
B.  decrease tax revenue.
C.  leave tax revenue about the same as before.
D.  shift the curve to the left.

Economics