This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An information cascade occurs when: A) the buyer of a good has more information than the seller ... (Read 78 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
An information cascade occurs when:
 
  A) the buyer of a good has more information than the seller and takes hidden actions.
  B) the seller of a good has more information about the hidden characteristics of the good.
  C) people make the same decisions as others without focusing on private information.
  D) people have contradictory information about a good they want to consume.

Question 2

Could pollution be eliminated by banning all activities harmful to the environment?
 
  A) No, because legislation is influenced by industrial lobbyists.
  B) No, because the cost of doing so would be higher than even the most dedicated environmentalist would agree to accept.
  C) Not until we have better information on the sources of pollution.
  D) Yes, if we are willing to place long-run considerations ahead of short-run profits.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

marict

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


DyllonKazuo

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
Wow, this really help

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

The trophic cascade hypothesis. The trophic cascade hypothesis.
Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ... Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ...
The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ... The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ...
Results from Kliegl's study show that older adults can learn complex information-processing Results from Kliegl's study show that older adults can learn complex information-processing
8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ... 8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ...
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library