Information ________ Exists When One Party in a Transaction Has

question 82

Multiple Choice

Information ________ exists when one party in a transaction has more information that is important for the transaction than the other party.

• A)transparency
• B)asymmetry
• C)complexity
• D)discrimination

---

Definitions:

England

A country in Europe, part of the United Kingdom, known for its rich history, cultural heritage, and as the birthplace of the English language.

Jamestown Settlers

The first permanent English settlers in North America, who established Jamestown Colony in Virginia in 1607.

Massachusetts

A state in the northeastern United States, one of the original 13 colonies, known for its significant historical events, higher education institutions, and technological innovation.

Indian Tribes

Socially, culturally, and politically distinct groups recognized by the United States as sovereign entities with various rights and responsibilities.