Answer: Mutual insurer
Explanation:Funds not paid out after paying claims and other operating costs are returned to the policy owners in the form of a dividend. If all funds are paid out, no dividends are paid.
The economic term is the opportunity cost.
The concept of opportunity cost is a relatively inexpensive and relative measure that involves people's preferences, so it varies from person to person. It is a question of comparing what is left over when making a decision.
In Katie's case, the opportunity cost of the money she saves to buy a car is what she fails to do with that money. For example, she stops investing in stocks, fails to make a trip, etc.
All decisions involve an opportunity cost. Taking another example, the opportunity cost of studying for the test at the end of the week is measured by the loss of leisure you would have. However, the decision to study for the test is chosen because it is more valuable.
The appropriate response is Positive psychology. It is the logical investigation of the qualities that empower people and groups to flourish. The field is established on the conviction that individuals need to lead significant and satisfying lives, to develop what is best inside themselves, and to upgrade their encounters of adoration, play, and work.
<u>Answer:</u>
This is an example of self-serving bias.
<u>Explanation:</u>
- In such self serving bias, people usually take credits or attribute positive things to their own.
- On the contrary, they can easily blame others for negative events.
- Thus, when Penny got the acting job, she made herself responsible, boasting about her own caliber.
- However, when she failed to take the next acting work, she blamed the casting director.
- There may be a reason that she may not had done her previous work with perfection, but self serving bias didn’t let the person evaluate that.
