When lenders are unable to get good information about the worthiness of a project the lender has the problem of
A. adverse selection.
B. moral hazard.
C. moral selection.
D. adverse hazard.
Answer: A
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Refer to Table 8-18. What is real GDP in 2016, using 2011 as the base year?
A) $28,885 B) $11,790 C) $11,200 D) $10,275
The term Original Sin by two economists Barry Eichengreen and Ricardo Hausmann is used to describe what?
A) low-income economy B) developing countries' inability to borrow in their own currencies C) a sin that is part of the Ten Commandments D) borrows not able to receive loans E) not diversifying economies portfolios
Expenditures for attending college can be viewed as an investment in human capital
a. True b. False Indicate whether the statement is true or false
A measure of the average price of a given class of goods or services relative to the price of the same goods and services in a base year is called a:
A. real quantity. B. real price. C. rate of inflation. D. price index.