In 2015, JPMorgan Chase announced it was laying off employees. The employees who were laid off due to the business cycle would be considered

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.

What do Spotify and Apple have in common?

A) The profitability of each firm depends on its interactions with other firms. B) Each company was founded in the same state. C) The industry in which each firm competes is an oligopoly because of government-imposed barriers to entry. D) Each achieved a dominant position in its industry because it owned a key input in the production of its product.