Frequently It Is the Case That: (1) a Worker Knows

question 23

Multiple Choice

Frequently it is the case that: (1) A worker knows more than his employer about how much effort he puts into his job, and (2) the seller of a used car knows more than the buyer about the car's condition.

• A)Neither (1) nor (2) serves as an example of asymmetric information.
• B)Both (1) and (2) serve as examples of asymmetric information.
• C)Neither (1) nor (2) serves as an example of a hidden action.
• D)Both (1) and (2) serve as examples of hidden action.

---

Definitions:

Semistandardized Interview

An interviewing technique that partially structures the conversation, allowing for preplanned questions while also permitting spontaneous follow-up queries based on the interviewee's responses.

Creative Interview

An interviewing technique that employs innovative questions or formats to elicit deep, insightful responses from participants.

Unstandardized Interview

An interview format without fixed questions, allowing the interviewer more flexibility to explore topics in depth based on the interviewee's responses.

Probing Question

A question designed to elicit more in-depth responses, often used in qualitative research to explore aspects not covered in initial responses.