The notion that lenders must select from a pool of bad credit risks, because the most undesirable borrowers are those that most actively seek out a loan is known as the ________
A) moral hazard problem
B) ornamental torsion problem
C) adverse selection problem
D) asymmetric innovation problem
C
Economics
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________ markets transfer funds from people who have an excess of available funds to people who have a shortage
A) Commodity B) Fund-available C) Financial D) Derivative exchange
Economics
In the short run, those who are hurt by the minimum wage are
a. some workers who lose their jobs b. employers who have to pay more c. consumers who have to pay more for goods d. all of these
Economics