NO.PZ2016082405000022
问题如下:
Following the aggressive risk-taking by one of the largest Australian hedge funds, the six month Australian LIBOR rate has increased from 3.5% to 3.8%. -which of the following economic terms best describes this scenario?
选项: Moral hazard.
Adverse selection.
C.Externalities.
D.Risk shifting.
解释:
C This scenario is an example of an externality. Externalities are costs or benefits that occur when one party’s actions cause others to absorb the cost or benefit. In this case, the aggressive risk taking of one entity lead to an increase in short-term borrowing costs for all prudent borrowers in the Australian lending market.
例如保险公司卖保险,保险公司这端就有逆向选择,买保险人就有道德风险?