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Myasslik Myasslik
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6 years ago
Adverse selection represents
 a. Profitable transaction
 b. Unconsummated transaction
  c. Wealth creating transaction
  d. All of the above

QUESTION 2

Price ceilings cause
 a. Some suppliers to drop out of the market as they cannot charge the price they were earlier charging
  b. A reduction in the quality of the product
  c. The creation of black markets
  d. All the above

QUESTION 3

When interest rates fall, people are
 a. More likely to borrow
 b. Less likely to borrow
 c. Not likely to change borrowing patterns
  d. None of the above

QUESTION 4

In the market for insurance, low risk customers are not served because
 a. They do not like buying insurance
 b. They are more costly to serve
 c. Products designed to be attractive to them are also attractive to high risk types.
  d. All of the above

QUESTION 5

An example of price floor is
 a. Minimum wages
  b. Rent controls in New York
  c. Both a and b
  d. None of the above
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msginmiamimsginmiami
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6 years ago
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Myasslik Author
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6 years ago
Happy Dummy I'm impressed
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