以下是引用littlegirl在2003-10-17 17:29:00的发言：3. A severe drought can actually lessen the total amount of government aid that United States farmers receive as a group. The government pays farmers the amount, if any, by which the market price at which crops are actually sold falls short of a preset target price per bushel for the crops. The drought of 1983, for example, caused farm-program payments to drop by $10 billion.
Given the information above, which of the following, if true, best explains why the drought of 1983 resulted in a reduction in farm-program payments?
key: Due to the drought of 1983, united States farmers had smaller harvests and thus received a higher market price for the 1983 crop than for the larger crop of the preceding year.
[此贴子已经被作者于2003-10-20 10:54:50编辑过]
以下是引用littlegirl在2003-10-17 17:29:00的发言： 4. Technically a given category of insurance policy is underpriced if, over time, claims against it plus expenses associated with it exceed total income from premiums. But premium income can be invested and will then yield returns of its own. Therefore, an underpriced policy does not represent a net loss in every case.
The argument above is based on which of the following assumptions?
key: (E) The claims against at least some underpriced policies do not require paying out all of the premium income from those policies as soon as it is earned.
[此贴子已经被作者于2003-10-20 10:54:50编辑过]