Recall the Application About Baseball Pitchers

question 56

Multiple Choice

Recall the application about baseball pitchers.If professional pitchers who are a free agent and are more likely to get injured switch teams more often and others who are less likely to get injured don't.why is the puzzling feature of the free-agent market for baseball players explained by asymmetric information?

• A)The coaches,physicians,and trainers from the player's original team have interacted with the player for years and know if player is likely to suffer from injuries.The new team has the same information because they can check the league records.
• B)The coaches,physicians,and trainers from the player's original team have interacted with the player on a daily basis for years and know if player is likely to suffer from injuries.The new team has less information because they have not interacted with the player daily.
• C)The coaches,physicians,and trainers from the player's new team have not interacted with the player on a daily basis for years and don't know if player is likely to suffer from injuries but have the league records that contain all the information that the new team needs to determine if the pitcher is a lemon or plum.
• D)There is a perfect amount of information for the pitcher and the new team.

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Definitions:

Class Inequality

The disparities in access to resources, opportunities, and rights among different social classes within a society.

Cultural Evolution

Refers to the process by which societies and cultures change over time, adapting to their environments and internal dynamics.

Types of Societies

Classification of societies based on their technological development, social structure, and cultural practices, such as hunter-gatherer, agrarian, industrial, and post-industrial.

Genetically Engineered World

A genetically engineered world refers to a hypothetical or fictional scenario where most aspects of the environment, including organisms and possibly humans, are modified through genetic engineering for specific purposes.