Scarcity is determined by the existence of bad alternatives.

Asymmetric information in financial markets exists when: a. borrowers reveal their financial details to banks before borrowing funds

b. borrowers know more about their ability to repay loans than lenders do. c. lenders know more about borrowers than borrowers know about themselves. d. borrowers pay off a loan before it is due. e. borrowers and lenders have equal information about borrower creditworthiness.

Almost all event markets forecast accurately

Indicate whether the statement is true or false