The tyranny of collateral ________
A) suggests that government tax rates are too high in the United States
B) gives rise to the twin problems of moral hazard and adverse selection
C) implies that when a poor person has a good idea they find it difficult to acquire financing
D) attributes moral hazard to excessive government regulation
C
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Between 1973 and 1995, what changes occurred in the labor force and the capital stock that caused a productivity slowdown?
A) The growth of the capital stock and the growth of labor hours increased. B) The growth of the capital stock and the growth of labor hours slowed. C) The growth of the capital increased slowed and the growth of labor hours slowed. D) The growth of the capital stock slowed and the growth of labor hours increased.
Which of the following is NOT a reason for the increase in health care costs?
A) the aging of the population B) the implementation of new technologies C) the increase in third party payments D) the decrease in the fertility rate