Which of the following relationships involves asymmetric information?
A: An employee knows more than his employer knows about his work effort.
B: A borrower knows more than the lender about his ability to repay the loan.
C: The seller of a 30-year-old house knows more than the buyer about the condition of the house.
D: All of the above are correct.
A: An employee knows more than his employer knows about his work effort.
B: A borrower knows more than the lender about his ability to repay the loan.
C: The seller of a 30-year-old house knows more than the buyer about the condition of the house.
D: All of the above are correct.
举一反三
- 中国大学MOOC: A driver knows more than his auto insurer about how cautiously he drives. This is an example of
- Listen to this report about Yoshizo Shimano that was broadcast yesterday, and choose the correct answers.Yoshizo Shimano…. A: knows his bikes. B: has a lot of bikes. C: knows how important it is to know all about his company's products. D: knows all about the importance of bikes.
- A driver knows more than his auto insurer about how cautiously he drives. This is an example of A: a hidden action. B: a hidden characteristic C: adverse selection. D: he Condorcet Paradox
- We're.........................(more than a little, nothing more than a little) concerned about the state of his financial affairs.
- My teacher knows more than ___________. A: my nucle knows B: they know C: my uncle does D: they don't know