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Economics
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2 Nov 2020

2. Households or firms that purchase insurance make regular payments, called _________________.

a. premiums

b. installments

c. EMIs

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Microeconomics
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Raushan Raj
Raushan RajLv8
2 Nov 2020

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Related questions

In an actual economy, goods and services are purchased by
a. households, but not firms or the government.
b. households and firms, but not the government.
c. households and the government, but not firms.
d. households, firms, and the government.
e. firms, but not households or the government.

 

The circular-flow diagram illustrates that, in markets for the factors of production:
 
a. households are sellers, and firms are buyers.
 
b. households are buyers, and firms are sellers.
 
c. households and firms are both buyers.
 
d. households and firms are both sellers.
 

The circular-flow diagram illustrates that, in markets for the factors of production,

A. households are sellers, and firms are buyers.

B. households are buyers, and firms are sellers.

C. households and firms are both buyers.

D. households and firms are both sellers.

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