Asymmetric information may cause
A. used goods in excellent condition to not be sold.
B. used goods in poor condition to not be offered for sale.
C. sellers with goods in excellent condition to accept prices below their willingness to sell.
D. sellers with goods in excellent condition to ship the goods to other markets.
Answer: A
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When a law freezes residential rents at their existing level for as long as the vacancy rate remains below some target level,
A) owners will be encouraged to supply additional rental units. B) rents will be frozen indefinitely, or at least until the law is changed. C) affordable housing to low-income people will be guaranteed. D) the vacancy rate will rise.
At the end of the 1980s, bank regulators ________ various standards by which bank performance is measured thereby ________ banks willingness to lend
A) lowered, increasing B) raised, increasing C) lowered, decreasing D) raised, decreasing