Information Asymmetry Is Not a Problem When

question 96

Multiple Choice

Information asymmetry is not a problem when:

• A)the wants of both parties are aligned with one another.
• B)the wants of both parties are opposed to one another.
• C)the constraints of both parties are identical.
• D)both parties lack the same information.

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Definitions:

Social Distance

Bogardus’s concept of the relative distance people feel between themselves and other racial/ethnic groups.

Prejudice and Discrimination

Preconceived opinion that is not based on reason or actual experience; discrimination is the unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Theory

A statement that tries to explain how certain facts or variables are related in order to predict future events.

Racialization

The process of attributing complex characteristics (e.g., intelligence) to racial categories.