Moral hazard and adverse selection are the result of
A) poorly functioning markets.
B) government intervention.
C) private information.
D) treachery.
C
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap.
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
A ton of coal purchased by your local utility to burn to make electricity would be best described as
A) an intermediate good. B) a financial asset. C) a used good. D) a final product.
Explain why the demand curve for loanable funds has a negative slope
What will be an ideal response?
The major component of the marketing bill for food is ________
Fill in the blank(s) with correct word