« previous next »

Author Question: The term that is used to refer to a situation in which one party to an economic transaction has less ... (Read 93 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jun 29, 2018
The term that is used to refer to a situation in which one party to an economic transaction has less information than the other party is
 
  A) asymmetric information. B) inefficient market hypothesis.
  C) information disparity. D) moral hazard.

Question 2

The sum of consumer surplus and producer surplus is equal to
 
  A) total profit. B) zero.
  C) the economic surplus. D) the deadweight loss.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

erika

  • Hero Member
  • *****
  • Posts: 522
Reply #2 on: Jun 29, 2018
Thank you


tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
Long-term relationships, especially those who are married, having a child Long-term relationships, especially those who are married, having a child
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Video: Brain Lobes Animation

For a complete list of videos, visit our video library