Adverse selection and moral hazard problems increased in magnitude during the early years of the Great Depression as
A) stock prices declined to 10 percent of their levels in 1929.
B) banks failed.
C) the aggregate price level declined.
D) a result of all of the above.
E) a result of A and B of the above.
D
Business
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Jack Roberts bought a house as sole owner. How should he take title?
a. in severalty b. tenancy in common c. tenancy in the entirety d. joint tenancy
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If the basement in a listed property has obvious water marks from water seeping in and the floor is damp
a. the seller and the broker could both be liable if they do not disclose the problem b. only the seller will be liable for the problem if not disclosed c. the seller should instruct the broker to keep this confidential d. the seller does not have to mention it, as it is apparent
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