The term that is used to refer to a situation in which one party ...

[erika]

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.

[tashiedavis420]

Answer to Question 1

A

Answer to Question 2

C

[erika]

Thank you

[tashiedavis420]

No problemo