Which of the Following Relationships Involves Asymmetric Information

question 33

Multiple Choice

Which of the following relationships involves asymmetric information?

• A) Patients can look up information regarding certain prescription drugs giving them the same information as their doctors.
• B) Consumer Reports allows customers of DVD players to know as much about the quality of various players as the store salesperson.
• C) CarCheck allows car buyers to obtain used vehicle histories, providing them with the same information as the dealership salesperson.
• D) The goalkeeper in a soccer game must guess whether the penalty taker will shoot to the goalkeeper's right or left side.

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Definitions:

Nearsightedness

A common vision condition where close objects appear clearly, but distant ones are blurred, also known as myopia.

Dietary Recommendations

Guidelines provided by health professionals regarding what types of foods should be eaten and in what proportions to maintain health.

USDA's "My Plate"

A nutrition guide created by the United States Department of Agriculture, illustrating the five food groups using a plate model for balanced meals.

Growing Pains

Diffuse muscle aches and pains experienced by children and adolescents, often during nights, without a clear medical cause but thought to be related to growth spurts.