Asymmetric Information Is a Universal Problem

question 62

Multiple Choice

Asymmetric information is a universal problem. This would suggest that financial regulations

• A)in industrial countries are an unqualified failure.
• B)differ significantly around the world.
• C)in industrialized nations are similar.
• D)are unnecessary.

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Definitions:

Superego

In Freudian psychoanalysis, the part of the personality that acts as a moral center, guiding behavior by internalizing societal and parental standards of right and wrong.

Preconscious Mind

Part of the mind that contains information not currently in consciousness but can be easily accessed and brought into awareness.

Id

In psychoanalytic theory, the part of the psyche that is the source of instinctual impulses and demands for immediate satisfaction of basic needs.

Ego

In psychoanalytic theory, the part of the personality structure that mediates between the demands of the id, superego, and reality, functioning as the executive control.