The Tyranny of Collateral ________

question 22

Multiple Choice

The tyranny of collateral ________.

• A)suggests that government tax rates are too high in the United States
• B)gives rise to the twin problems of moral hazard and adverse selection
• C)implies that when a poor person has a good idea they find it difficult to acquire financing
• D)attributes moral hazard to excessive government regulation

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Definitions:

Psychosexual Development

Freud's theory on how personality develops during childhood through a series of stages centered on erogenous zones.

Avoiding Relationships

A behavior pattern where an individual actively distances themselves from forming close or intimate relationships with others.

Transitional Object

An object, often a soft toy or blanket, used by children to provide psychological comfort in times of stress or change.

Psychosocial Development

A theory proposed by Erik Erikson that describes the impact of social experience across the whole lifespan, emphasizing the development of personality and the acquisition of social skills.