John takes out a student loan at a bank but spends his money in ...

[rmenurse]

John takes out a student loan at a bank but spends his money in Las Vegas to play at the casino. This situation is an example of
 
  A) moral hazard.
  B) moral suasion.
  C) adverse selection.
  D) fraud.

Question 2

The difference between the short-run and the long-run is
 
  A) three months, or one business quarter.
  B) the time it takes for firms to change all inputs in the production process.
  C) the time it takes for firms to change only their variable inputs.
  D) More information is required to answer this question.

[14vl19]

Answer to Question 1

A

Answer to Question 2

B

[rmenurse]

Thanks for the timely response, appreciate it

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TYSM