Information ________ Exists When One Party in a Transaction Has

question 74

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
• E)competition

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Definitions:

Universal Proposition

A statement that asserts something about every member of a particular category or class.

Shading

In logic, a method used to visually represent the parts of a categorical proposition that are affirmed or denied; also refers to a technique in drawing and art to create depth or texture.

Opposition

A resistance or dissent, characterized by a direct contradiction or counteraction to a proposal or position.

I Proposition

A type of categorical proposition that asserts some, but not all, members of a subject class are also members of a predicate class.