A Worker Knows More Than His Employer About How Much

question 3

Multiple Choice

A worker knows more than his employer about how much effort he puts into his job.This is an example of

• A)a hidden action.
• B)a hidden characteristic.
• C)adverse selection.
• D)the Condorcet Paradox.

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Definitions:

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Unilateralist Course

A foreign policy approach where a nation acts independently without consulting or coordinating with other nations.

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Condition where individuals are working fewer hours than desired or in jobs that do not fully utilize their skills and qualifications.

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