The combined ratio is:
A) the loss ratio plus the expense ratio
B) a measure of underwriting losses
C) the loss ratio divided by the expense ratio
D) a measure of capital gains and dividend returns
A
Business
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The infant industry argument for trade intervention states that developing countries need to support new industries until they are strong enough to _____.
Fill in the blank(s) with the appropriate word(s).
Business
What is the importance of guarantees?
What will be an ideal response?
Business