Author Question: If the value of a cable TV franchise is uncertain, too much may be bid for the franchise. This is an ... (Read 98 times)

Shelles · **on:** Jun 30, 2018

If the value of a cable TV franchise is uncertain, too much may be bid for the franchise. This is an example of
a. moral hazard
b. an authority relation
c. the winner's curse
d. the principal-agent problem
e. adverse selection

Question 2

A country's balance of payments summarizes all economic transactions during a given period between residents of that country and residents of other countries.
a. True
b. False