Does the restoration of historic buildings create a positive externality or does it create a negative externality?

If a banker lacks enough information to determine exactly which applicants for a loan are good risks and which are bad risks, then he faces a(n) __________ problem

A) moral hazard B) adverse selection C) market failure D) disintermediation

According to the text, Singapore is classified as a less developed country (LDC)

a. True b. False Indicate whether the statement is true or false