Adverse selection is due to
A) hidden characteristics.
B) hidden actions.
C) symmetric information.
D) moral hazard.
A
Economics
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The speculative demand for money:
a. varies inversely with income. b. is only concerned with active money. c. involves holding money for unexpected problems. d. varies directly with the transactions demand for money. e. varies inversely with the interest rate.
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Explain the relationship between the budget constraint and indifference curve at a consumer's optimum
Economics