Which of the Following Statements Is False

question 152

Multiple Choice

Which of the following statements is false?

• A) Asymmetric information can exist both before and after a transaction.
• B) Moral hazard occurs when one party to a transaction changes his or her behavior in a way that is hidden from and costly to the other party.
• C) Adverse selection has the potential to eliminate some markets.
• D) b and c
• E) none of the above

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Definitions:

Outcome Objectives

Specific goals that a project or study aims to achieve, measured through certain indicators or outcomes.

Summative Evaluation

A type of evaluation that judges the effectiveness of a program, project, or instruction at its conclusion, summarizing its impact.

Measurement

The process of obtaining a quantitative representation of traits, quantities, or phenomena to allow for analysis or comparison.

Outcome Objectives

The specific, measurable results or achievements that a program or intervention aims to accomplish.