Governments have often intervened in financial markets because they believed that
a. interest rates were too low
b. competition among banks leads to poor services
c. bank lending was favoring lucrative projects at the expense of crucial development needs
d. too much foreign money was entering their financial systems
e. all of the above
C
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Distinguish between two kinds of asymmetric information
What will be an ideal response?
Joe consumes pizza and movies. He is currently spending his entire income and his marginal utility of pizza is 15 and his marginal utility of movies is 10
If the price of a pizza is $10 and the price of a movie is $5, then to maximize his utility Joe should A) increase consumption of pizza and decrease consumption of movies. B) increase consumption of movies and decrease consumption of pizza. C) not change his current bundle of movies and pizza. D) increase consumption of both goods.