A way in which government can attempt to solve the problems caused by information asymmetry in the marketplace is:
A. statistical discrimination.
B. signaling.
C. mandating that information be shared.
D. All of these are ways the government deals with information asymmetry.
C. mandating that information be shared.
You might also like to view...
For each of the following sets of supply and demand curves, calculate equilibrium price and quantity
a. QD = 1000 - P; QS = P b. QD = 1500 - 2P; QS = 100 + 2P c. QD = 2000 - 3P; QS = -300 + 3P
The price elasticity of supply tells us:
A. the percentage change in quantity supplied when the price of the good changes by one percent. B. in which direction the quantity supplied changes as we move along the supply curve. C. how quickly the supply will respond to a change in price. D. the magnitude of shift in the supply curve in response to a change in price.
The actual control of the Federal Reserve System resides in the
A. Congress of the United States. B. member banks. C. Senate Banking Committee. D. Board of Governors.
Employees who are members of a labor union can expect to receive lower wages than nonunion workers in the same industry, but can also expect greater job security.
Answer the following statement true (T) or false (F)