Homework Clinic
Social Science Clinic => Economics => Microeconomics => Topic started by: segrsyd on Jul 21, 2019
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People who apply for loans know more about their ability to repay the loan than the lenders do. This is an example of:
◦ a negative externality.
◦ public information.
◦ asymmetric information.
◦ a community rating.
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asymmetric information.
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Excellent
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Great! Please up vote :D