What is a necessary condition for sustainable economic growth?
A) Low cost systems of transportation and communication
B) Careful economic planning
C) Very high interest rates that encourage household saving
D) Government monitoring and manipulation of aggregate investment
E) All of the above.
Question 2
John has been trying to find a job for the past six months. He went for an interview at Aqua Inc Although his performance was better than that of all the other candidates, the interview board rejected him thinking that they must be missing out on
something about him that other employers have noticed and hence, have not hired him. A(n) ________ has occurred in this case. A) positive externality
B) negative externality
C) moral hazard
D) information cascade
