Jan pays $70 each month for her auto insurance policy. this regular payment is called a: a. co-pay b. deductible c. premium d. claim

The correct answer is C) Premium.

Jan pays $70 each month for her auto insurance policy. This regular payment is called a Premium.

Premium in the insurance industry is the monetary cost to get an insurance cover. It could be paid as a lump sum or in monthly installments until the total sum is paid. The policy of the insurance specifies the duration of the monthly payments. You must pay the insurance on time if you do not want it to be canceled and paid extra money to restore it again.

the correct answer is ) possibility.

demonstrating opportunity cost is done through production possibility.

the opportunity cost can be demonstrated using the production possibility frontier or curve. this graphic shows the total number of possibilities for two products when we have the resources needed and used in an efficient manner. the main resources could be money, labor, and technology. the curve shows that the production of one good increases when the production of the othe

answer; higher rate;