Information ________ Exists When One Party in a Transaction Has

question 82

Multiple Choice

Information ________ exists when one party in a transaction has more information that is important for the transaction than the other party.

• A)transparency
• B)asymmetry
• C)complexity
• D)discrimination

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Definitions:

Stimulus Generalization

The tendency for a response that has been conditioned to one stimulus to be elicited by similar, but not identical, stimuli.

Bee Sting

An injury caused by the sting of a bee, injecting venom that can cause pain, swelling, and in some cases, allergic reactions.

Classical Conditioning

A method of learning that happens by associating a stimulus found in nature with one introduced from the environment.

CS (Conditioned Stimulus)

A previously neutral stimulus that, after being paired with an unconditioned stimulus, elicits a conditioned response.