Author Question: Asymmetric information before a transaction takes place generates the problem of A) moral hazard. ... (Read 82 times)

vHAUNG6011 · **on:** Jun 29, 2018

Asymmetric information before a transaction takes place generates the problem of

A) moral hazard. B) adverse selection.
C) bank runs. D) irrational behavior.

Question 2

According to this Application, Janet L. Yellen, the Vice-Chair of the Board of Governors, believes that ________ in worldwide demand and ________ of supply were the primary cause of the worldwide increase in commodity prices.

A) decreases; shortages B) increases; surpluses
C) increases; shortages D) decreases; surpluses