The market will produce ________ level of education when we ________ its external benefits.
A. more than an efficient; do consider
B. an efficient; do not consider
C. less than an efficient; do not consider
D. more than an efficient; do not consider
Answer: C
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The difference between adverse selection and moral hazard is that
A) moral hazard happens at the time parties enter into a transaction; adverse selection occurs after the transaction takes place. B) moral hazard is the motive that is behind one party entering into a transaction with another party. Adverse selection refers to the other party being harmed by the transaction. C) moral hazard refers to the likelihood that a transaction will lead one party to be better off at the expense of the other party to the transaction. Adverse selection refers to the consequences of the transaction after it has occurred. D) adverse selection happens at the time parties enter into a transaction; moral hazard occurs after the transaction takes place.
In evaluating the required rate of return for equity financing of a capital project, the Beta value is
A) the expected rate of growth in a firm's profits. B) the expected future value of a firm's stock. C) the volatility in the rate of return on a firm's stock compared with the volatility in the rate of return on a market portfolio of stocks. D) None of the above
Why do competitive firms enter the market in spite of the price war threatened by the dominant firm?
Other issues that exist within the ECB include all of the following, EXCEPT:
A) the level of competence of officials. B) the lack of formal accountability. C) an insistence on consensus decisions, which could cause policy responses to lag. D) too much independence, causing other Eurozone entities to believe they have no voice.