If adverse selection exists in a market,
A) it increases consumer surplus but reduces producer surplus.
B) it reduces consumer and producer surplus.
C) it reduces producer surplus but has no impact on consumer surplus.
D) it increases both consumer and producer surplus.
Question 2
If a bank offers mortgages that do not require the normal 20 down payment, the bank encourages
A) people who know they might not pay off the mortgage.
B) people who can't afford the down payment but can pay off the mortgage.
C) people who know that they are going to pay off the mortgage.
D) people who know they can't pay off the mortgage but who can afford the down payment.
Mutation and selection diagram
Blending inheritance formed the basis of nineteenth-century critiques of evolution by natural select
The proportion of men and women with elevated blood pressure or taking hypertension medication incre
The population of Asia increases rapidly, the demand for food and water is also growing
Crossing over in prophase I increases genetic variation
Disruptive selection eliminates midrange forms of a trait