Exam 10: Information

Why might dressing well for a job interview not be an effective signal?

Moral hazard is a problem that arises _____ the parties have entered into an agreement.

An employer only hiring applicants who have college degrees is an example of

Building a good reputation is a form of:

The government can help solve an information asymmetry problem by:

The used car market:

A motorist who chooses high-deductible auto insurance over low-deductible insurance is signaling that he is:

Disclosure laws are an example of how the government:

A good reputation in a market:

Governments choose to mandate participation in a program, such as auto insurance, when:

Moral hazard focuses on_____, while adverse selection focuses on _____.

Which of the following is an example of screening during the hiring process?

Asymmetric information in a transaction can result in:

Imbalances in information can cause problems between:

Statistical discrimination:

Some policy makers have suggested that mandatory health insurance coverage would:

When information asymmetry exists in a market, the government:

Certifying a used car through a brand dealership is one way to:

Auto insurance companies charge higher insurance premiums for plans with lower deductibles as a way of:

The "lemons" problem is used to explain the concept of: