Natural resources should be left in the ground
a. if their discounted future value exceeds their current value
b. so future generations will be able to use them
c. until companies agree to restore land after mining
d. because we may run out
e. economists have no good way to analyze this question
A
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Explain which of the following count as money
a. a check in Ann's checkbook b. currency in Ann's bank c. currency in Ann's purse d. Ann's checking deposit
For a mortgage lender that makes mortgage loans to borrowers, which one of the following would be an example of adverse selection?
a. After the loan has been made, individuals become careless with their finances b. Individuals most likely to default are the ones most likely to apply for the loan c. Borrowers investing their loan proceeds differently than the bank requires d. None of the above