Author Question: Which of the following is most likely to be characterized by substantial asymmetric information? a. ... (Read 29 times)

future617RT · **on:** Jun 30, 2018

Which of the following is most likely to be characterized by substantial asymmetric information?
a. a soft drink purchased in a vending machine
b. a car wash to benefit the local high school band
c. a collectible baseball card purchased on eBay
d. wireless service that includes unlimited minutes and texting

Question 2

Absolute advantage is determined by comparing the opportunity costs of producing each good in different countries.
a. True
b. False
Indicate whether the statement is true or false