If Workers Have Better Information About Their Own Ability to Work

question 133

Multiple Choice

If workers have better information about their own ability to work than employers do, which of the following situations is present?

• A) unemployment
• B) asymmetric information
• C) discrimination
• D) moral hazard

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Definitions:

1949

The year notable for several historical events, including the formation of NATO and the conclusion of the Chinese Civil War with the Communist Party of China taking control of Mainland China.

Formed

Established or created with a specific structure or intended purpose.

UN General Assembly

A principal organ of the United Nations, comprising all member states, it serves as a forum for deliberating international issues covered by the UN Charter.

Simple Majority Vote

A voting system where the highest number of votes cast for any one candidate or option surpasses the number of votes for any other, without requiring more than half of total votes.