Russia borrowed funds from the International Monetary Fund in 1989 in exchange for agreeing to undertake certain changes. However, after receiving the funds, Russia spent the funds on other things, making the loan repayment more unlikely to occur
This situation is referred to as
A) asymmetric information. B) deceptive knowledge.
C) moral hazard. D) adverse selection.
C
Economics
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Refer to Figure 9.1. Assume the economy is initially at point A. The initial change resulting from a recession caused by an increase in oil prices is best represented by which short-run equilibrium combination of price level and real GDP?
A) P2; Y2 B) P3; Y3 C) P2; Y3 D) P3; Y2
Economics
In 2012, what percentage of total income in the U.S. was earned by the richest fifth of all U.S. households?
a. 20% b. 30% c. 40% d. 50%
Economics