The possibility that a borrower might engage in riskier behavior after a loan has been obtained is

If a 10 percent increase in income leads to a 5 percent decrease in the demand for a good, the income elasticity of demand equals ________ and the good is ________ good

A) 1/2; a normal B) -1/2; an inferior C) 2; a normal D) -2; a normal E) -5; an inferior

Which of the following is likely to be used as a signal in the job market?

A) The job description B) The degree obtained by the applicant C) The letter of appointment D) An announcement of vacancy