A group of 100 people seek out an insurance company to underwrite health insurance for its members. If expected medical spending for the group is $150,000, what will the average premium be if the health insurance company estimates the premium adding net loading costs of 20 percent?

Which of the following is a union function?

a. negotiate pay b. creating new business policies c. budgeting d. creating statistical reports

Which of the following is a possible solution when a scarce resource is subject to the tragedy of the commons?

A) force people to move away from the commons B) offer subsidies to consumers C) persuade people to use less of the scarce resource through an advertising campaign D) access to the commons can be restricted through community norms and laws