Suppose you and your friend are in a shopping mall and you borrow $100 from your friend to pay for a pair of shoes that you purchase in a shop. This is an example of

A) direct financing.
B) indirect financing.
C) moral hazard.
D) transaction costs.

A

Economics

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Planned expenditures equal real disposable income

A) at every point on the saving function. B) at every point on the consumption function. C) at every point on the 45-degree line. D) when saving equals zero.

Economics

According to the table above, ________ percent of total income is redistributed from the highest income group

A) 4.7 B) 2.3 C) 1.5 D) 3.8

Economics