If the problem of asymmetric information is so serious that a lender chooses not to lend to any potential small business borrower, then the problem is

Using a credit card can best be likened to

A) taking out a loan. B) a barter exchange. C) using currency only as a means of payment. D) using any other form of money as a means of payment.

Refer to the given data. The domestic opportunity cost of producing 1 ton of steel in Alpha is:

A.  ½ ton of wheat.
B.  1 ton of wheat.
C.  15 tons of wheat.
D.  30 tons of wheat.