Asymmetric information is: A) information revealed by economic ...

[Starlight]

Asymmetric information is:
 
  A) information revealed by economic agents turns out to be wrong.
  B) inflation forecasts are systematically to high or too low.
  C) some economic agents have more information than others.
  D) the government knows less about the economy than households and firms.

Question 2

Maryanne expects to work for another 30 years and expects to live another 10 years after she retires.
 
  If Maryanne completely smooths consumption over her lifetime, for every 1,000 increase in disposable income, she will use ________ for consumption each year. A) 100
  B) 333
  C) 667
  D) 750

[brbarasa]

Answer to Question 1

C

Answer to Question 2

D

[Starlight]

TYSM

[parker125]

Thanks for the timely response, appreciate it