Government Action in Cases of Asymmetric Information May Not Be

question 133

Multiple Choice

Government action in cases of asymmetric information may not be an ideal solution because

• A)the private market can sometimes deal with information asymmetries on its own.
• B)the government tends to have more information than private parties.
• C)both (a) and (b).
• D)None of the above is correct.

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Definitions:

Effective Letter

A written communication that clearly conveys its intended message and achieves its purpose with the recipient.

Passive Voice

A grammatical construction in which the noun or noun phrase that would be the object of an active sentence appears as the subject of a sentence with passive voice.

Priority Mail

A postal service level that offers expedited delivery of packages and letters.

Guaranteed Next-day Delivery

A postal or courier service promise ensuring that a package will arrive at its destination within the next day after dispatch.