Economists Call the Situation in Which One Side of an Economic

question 51

Multiple Choice

Economists call the situation in which one side of an economic transaction has more information than the other:

• A)a negative externality.
• B)a fixed cost.
• C)a lack of diversification.
• D)asymmetric information.

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Definitions:

ECATs

Electronic Computed Axial Tomography scans, or ECATs, are specialized diagnostic imaging tests that use computers to generate detailed cross-sectional images of the body, often for medical purposes. If not applicable, the term could be specific to a different field or not real.

Dexron

A brand of automatic transmission fluids endorsed by General Motors for use in their vehicles' transmissions.

Forward Ratios

The gear ratios in a transmission that dictate how power is transmitted to the wheels during forward motion, affecting speed and acceleration.

WT Digital Display

A digital interface that shows weight or force measurements, commonly used in scales or monitoring systems.