Asymmetric Information

A. The median voter always wins
B. no dictators
C. independence of irrelevant
D. transitivity

A. 75 percent
B. 35 percent
C. 60 percent
D. 40 percent
E. 25 percent

A. transitivity
B. impossibility
C. independence
D. unanimity

A. They pay employees with delayed compensation such as a year-end bonus
B. They buy life insurance on their workers
C. They pay above equilibrium wages
D. They put hidden video cameras in the workplace

A. Enzo carefully chooses a special gift for Josephine
B. Josephine earns her MBA from the Harvard Business School
C. Lexus advertises its cars during the football World Cup Final.
D. All of these answers are correct

A. agent
B. principle
C. screener
D. signaler

A. hidden actions
B. adverse selection
C. moral hazard
D. adverse selection