When an agent attempts to reveal information to the principal, which of the following is occurring?
a. Signalling
b. Screening
c. Moral hazard
d. Asymmetric information
a
Economics
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If the supply of a resource is perfectly price inelastic then its opportunity cost is zero
Indicate whether the statement is true or false
Economics
Figure 4-23
Refer to . In which market will the majority of the tax burden fall on the buyer?
a.
market (a)
b.
market (b)
c.
market (c)
d.
All of the above are correct.
Economics
Which of the following does not influence the price elasticity of demand?
A. The length of time. B. The availability of substitutes. C. Costs of production. D. The price of the item relative to the consumer's budget.
Economics
The price at which marketable pollution permits are sold is set by the government.
Answer the following statement true (T) or false (F)
Economics