China's capital market is:
a. efficient because it lends to large companies
b. is comprised of private lenders who are willing to led for long maturities
c. noted for lending based on political considerations
d. does not discriminate between public and private borrowers
e. none of the above
C
Economics
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
Economics
One way of alleviating opportunism is:
A. contracts in complex contracting environments. B. spot exchange. C. dedicated assets. D. vertical integration.
Economics