Asymmetric information includes the concepts of
A) moral hazard transfer costs.
B) adverse selection and public goods.
C) adverse selection and moral hazard.
D) negative and positive externalities.
C
Economics
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If a government provides substantial benefits to the unemployed while they look for work, it reduces the ______ of being unemployed.
Fill in the blank(s) with the appropriate word(s).
Economics
Which of the following is TRUE?
A) Russia is more dependent of international trade than Brazil. B) Exports and imports are rising more slowly than GDP in the BRIC countries. C) China was the last of the BRICs to start economic reforms. D) All of the BRIC countries had to transition from socialist or communist systems.
Economics