For restrictive covenants to help reduce the moral hazard problem, they must be ________ by the lender
A) monitored and enforced
B) written in all capitals
C) easily changed
D) impossible to remove
A
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An increase in the interest rate results in
A) a smaller opportunity cost of investment and so planned investment spending decreases. B) a greater opportunity cost of investment and so planned investment spending increases. C) a greater opportunity cost of investment and so planned investment spending decreases. D) a smaller opportunity cost of investment and so planned investment spending increases.
A ________ is a plan by one firm to price a good at marginal cost forever if the other cheats on an agreement
A) pure strategy B) grim strategy C) patent D) collusion
Based on the table below, the four-firm concentration ratio equals what percentage of annual sales?
A) 33 percent B) 40 percent C) 60 percent D) 100 percent
If demand in a perfectly competitive market decreases, supply will:
A. not change in the short run. B. increase in the long run. C. increase in the short run. D. decrease in the short run.