What is the term used to describe banks' unwillingness to lend to a firm because they do not know with certainty that the firm will achieve lower costs and be profitable enough in the future to repay the loan?
A) a positive externality
B) a knowledge spillover
C) a market failure
D) a knowledge failure
Correct Answer:
Verified
Q141: A positive externality occurs whenever:
A) an increase
Q142: Some nations try to nurture and encourage
Q143: A knowledge spillover occurs when firms:
A) restrict
Q144: A knowledge spillover is a(n):
A) negative externality.
B)
Q145: Infant industries are:
A) manufacturing activities that make
Q147: Suppose the world price of pencils is
Q148: Assuming a firm would not survive without
Q149: The U.S. International Trade Commission rejects many
Q150: There are several conditions that justify limiting
Q151: To justify infant industry protection:
A) a firm
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents