A problem for equity contracts is a particular type of ________ called the ________ problem
A) adverse selection; principal-agent
B) moral hazard; principal-agent
C) adverse selection; free-rider
D) moral hazard; free-rider
B
You might also like to view...
Without specialization countries would have ________ goods.
A. the same amount of B. more C. fewer D. new
If there is excess demand in a market, then this suggests that:
A. the market price is above the equilibrium price. B. there is an opportunity for mutually beneficial trades. C. there is no way to help some people without harming others. D. the market is in equilibrium.
________ unemployment occurs due to a mismatch between the jobs that are available and the skills of workers seeking jobs
A) Frictional B) Cyclical C) Voluntary D) Structural
Speculative attacks:
A. can always be stopped by the country's central bank if they act quickly. B. can be triggered even when domestic policymakers are acting responsibly. C. are illegal, and if caught, speculators are assessed large fines. D. can only result from irresponsible fiscal policy.