Generally, when there is asymmetric information
A) a lender will only lend to the government.
B) a lender will only lend to well-known borrowers.
C) practical solutions are devised to allow lending to take place.
D) a lender will cease all lending activities.
C
Economics
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Depreciation is subtracted from GNP to determine
A) net national product (NNP). B) net GDP. C) net imbalance on exports. D) net income.
Economics
The value of the best alternative that is forgone is known as:
a. marginal cost. b. marginal benefit. c. explicit cost. d. opportunity cost.
Economics