A way in which government can attempt to solve the problems caused by information asymmetry in the marketplace is:
A. screening.
B. building a reputation.
C. disclosure laws.
D. statistical discrimination.
Answer: C
Economics
You might also like to view...
An industry characterized by a small number of dominant firms that face downward-sloping demand curves is best described as:
A) a monopoly. B) monopolistically competitive. C) an oligopoly. D) perfectly competitive.
Economics
The "Great Society" initiative led to the creation of
a. Medicare. b. Rent subsidies for the poor. c. the Department of Transportation. d. the Department of Housing and Urban Development. e. All of the above.
Economics
How does voluntary exchange create wealth?
What will be an ideal response?
Economics
A natural-resource abundant nation would be expected to export a land-intensive commodity such as:
A. Tractors B. DVD players C. Meat D. Chemicals
Economics