Imbalances in information can cause problems between:
A. buyers and sellers.
B. employers and employees.
C. lenders and borrowers.
D. All of these statements are true.
Answer: D
Economics
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The additional interest that investors require to buy a long-term bond instead of a sequence of short-term bonds is known as the:
A) risk premium B) default premium C) term premium D) segmented premium
Economics
Roundabout production occurs when
a. entrepreneurs hire others to work for them, rather than taking the time to produce things themselves b. workers avoid intermediary entrepreneurs and cooperate to produce output themselves c. inefficient technology is used d. producers make capital goods instead of consumption goods e. a company takes time to market shares in the company
Economics