1.Whichone of thefollowing is not the type ofThe United States (U.S.) subprime mortgage crisis during December 2007- June2009?
A. Negative externalities
B. Unstable Market
C. Information Failure
D. Productive and allocativeinefficiency
2.Which one of the following is not thefinancial sector caused the Great Depression?
A. Monetary Policy
B. Unequal Distribution of Wealth
C. Over Production
D. HighTariffs and War Debts
3.Which one of the following is not theexamples of asymmetric information in the financial sector?
A. Subprime mortgages - a lender does notknow how likely a borrower is to repay their loan
B. Insurance - a car insurance company cannottell the risks associated with each single