The price of a given basket of goods in Richland is 75 ritz. If the same basket of goods cost 10 in the U.S., the price of a basket of goods worth 1 in the U.S. is ________.
A) 0.13 ritz B) 1 ritz C) 7.5 ritz D) 1.5 ritz
Question 2
Adverse selection refers to the
A) use of statistical discrimination in making loans.
B) possession of information by one party in a financial transaction not known by the other party.
C) likelihood that a potential borrower may use the funds that he receives for unworthy, high risk projects.
D) possibility that the borrower may engage in riskier behavior after the loan is obtained.
Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
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