With microfinance, the mechanism of peer lending is a way to avoid the problem of
A. a double coincidence of wants.
B. the tragedy of the commons.
C. imperfect information.
D. capital flight.
Answer: C
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Generally with bond ratings, the lower the rating, the ________ the interest rate an investor will receive and the ________ the the risk that the issuer of the bond will default
A) lower; lower B) higher; lower C) higher; higher D) lower; higher
Suppose that if there are n users of a network, the value of the membership is proportional to n(n ? 1). If the value of a network to a single user is $1 for each other user on the network, then a network of size 100 has a value of:
a. $9,500. b. $9,900. c. $9,000. d. $10,000. e. $10,100.
The law of increasing opportunity costs states that as
A) less of a good is produced, the higher the opportunity costs of producing that good. B) more of a good is produced, the lower the opportunity costs of producing that good. C) more of a good is produced, the higher the opportunity costs of producing that good. D) more of a good is produced, the opportunity cost of producing the good remains the same. E) a and b
What causes an increase in demand for land?
a. a decrease in both the supply and the quantity b. a combination of increased supply and low price c. derived demand for a product it is used to produce d. increased rents bringing more land onto the market