If the problem of asymmetric information is so serious that a lender chooses not to lend to any potential small business borrower, then the problem is
A) moral hazard.
B) adverse selection.
C) market failure.
D) disintermediation.
C
Economics
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The interest rate will fall when the
A. quantity of money demanded exceeds the quantity of money supplied. B. quantity of money supplied exceeds the quantity of money demanded. C. supply of money decreases. D. demand for money increases.
Economics
What are the assumptions of a pure monopoly?
What will be an ideal response?
Economics
A manager maximizes profit when they find a level of output where marginal revenue and marginal cost are equal
Indicate whether the statement is true or false
Economics
Cross elasticity of demand for
a. substitutes will normally be positive. b. complements will normally be positive. c. substitutes will normally be negative. d. complements will normally be infinite.
Economics