Private information is a situation in which
A) two parties to an exchange have information that is available to outsiders if they ask.
B) one party to an exchange has information that is not available to the other.
C) the marginal cost of a person's obtaining additional information is zero.
D) the marginal cost of making information available to one more person is zero.
Question 2
If Sean thinks that the choice between going to Olive Garden or Red Lobster is simply too confusing, a behavioral economist will explain that Sean is showing ________.
A) the endowment effect
B) bounded rationality
C) bounded self-interest
D) bounded will power
Coding of Olfactory Information
Using alert labels enables the medical staff to quickly identify important information such as ...
The flow of genetic information
Simplified diagram of information flow (the central dogma) from DNA to RNA
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs
Forces affecting capillary exchange