The World Bank has extended a loan to Country X to build a new toll road and counts on the repayment of the loan from the collected tolls
After the funds have been transferred to the country, the government decides to spend the money to build a new presidential palace. This is an example of
A) adverse selection. B) hostile selection. C) government risk. D) moral hazard.
D
Economics
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Market power and market concentration
A) are directly related. B) are indirectly related. C) are inversely related. D) are not related.
Economics
If faced with the same cost conditions as a perfectly competitive firm, a monopoly will
a. charge a lower price than the perfectly competitive firm. b. charge a higher price than the perfectly competitive firm. c. charge the same price as the perfectly competitive firm. d. refuse to operate in the short run unless an economic profit can be made.
Economics