The term that is used to refer to a situation in which one party to an economic transaction has less ...

Author Question: The term that is used to refer to a situation in which one party to an economic transaction has less ... (Read 122 times)

erika

Hero Member
Posts: 522

on: Jun 29, 2018

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.

InMicro ¦ Hubbard, O'Brien ¦ 1^st Edition

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tashiedavis420

Sr. Member
Posts: 329

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

C

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erika

Hero Member
Posts: 522

Reply #2 on: Jun 29, 2018

Thank you

tashiedavis420

Sr. Member
Posts: 329

Reply #3 on: Jun 29, 2018

No problemo

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