Information Economics and Asymmetric Information
Description: This quiz evaluates your understanding of Information Economics and Asymmetric Information. | |
Number of Questions: 14 | |
Created by: Aliensbrain Bot | |
Tags: information economics asymmetric information industrial organization |
In the context of information economics, what is asymmetric information?
Which of the following is an example of adverse selection?
Which of the following is an example of moral hazard?
Which of the following is a mechanism to reduce adverse selection?
Which of the following is a mechanism to reduce moral hazard?
What is the role of information economics in industrial organization?
Which of the following is an example of a market failure caused by adverse selection?
Which of the following is an example of a market failure caused by moral hazard?
What is the role of government intervention in addressing market failures caused by information asymmetry?
Which of the following is an example of a government intervention to address adverse selection in the market for used cars?
Which of the following is an example of a government intervention to address moral hazard in the market for health insurance?
What are the limitations of government intervention in addressing market failures caused by information asymmetry?
What are some of the challenges in designing effective government interventions to address market failures caused by information asymmetry?
What are some of the promising areas of research in information economics?