In Economics, a Difference in Access to Relevant Knowledge Is

question 197

Multiple Choice

In economics, a difference in access to relevant knowledge is called a(n)

• A)relevancy frontier.
• B)knowledge gap.
• C)information asymmetry.
• D)information equilibrium.

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Definitions:

Heroin

Narcotic drug derived from opium that is extremely addictive.

Cognitive Neuroscience

Study of the physical changes in the brain and nervous system during thinking.

Action Potentials

Rapid and temporary electrical impulses that travel across the membrane of a neuron, allowing for communication between neurons.

Awareness

The knowledge or perception of a situation or fact.