From the standpoint of ________, specialization in lending is surprising but makes perfect sense when one considers the ________ problem
A) moral hazard; diversification
B) diversification; moral hazard
C) adverse selection; diversification
D) diversification; adverse selection
D
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Why does the absence of well-defined property rights serve as a stumbling block for the application of the Coase theorem?
What will be an ideal response?
A Health Maintenance Organization is _____
a. a multi-doctor office b. a type of pre-paid health care c. a series of specialty hospitals d. increasingly rare
What happens to the equilibrium price when supply goes down?
A. the price stays the same B. the prices goes up C. the price goes up, and then goes down D. the price goes down
Describe the two extreme views on illegal immigration and their employment effects. Why are these two views misleading?
What will be an ideal response?