Fin 571 final exam with solution 100% correct
FIN 571 Final Exam. 1) Occurs when a “follower” receives the benefit of an expenditure made by a “leader” by imitating the leader’s behavior.A. free-rider problemB. The Principle of Comparative AdvantageC. asymmetric informationD. put option 2) Occurs when inaccurate information can falsely exist.A. moral hazardB. The Principle of Valuable IdeasC. free-rider problemD. adverse selection 3) Refers to situations wherein the agent can take unseen […]