Two types of asymmetric information that create problems for international investment are
A) adverse selection and moral selection. B) adverse hazard and moral hazard.
C) adverse selection and moral hazard. D) adverse hazard and moral selection.
Question 2
According to the Application, people in Morocco bring meteorites picked up in the desert to local dealers, who then sell them to the public through Websites. This process is a description of
A) a market system. B) a bureaucratic system.
C) a barter economy. D) a centrally planned economy.