In the Following Reaction: NH₄⁺ (aq)+ H₂O (Aq)→ NH₃ (aq)

question 93

Multiple Choice

In the following reaction: NH₄⁺ (aq) + H₂O (aq) → NH₃ (aq) + H₃O⁺ (aq)

• A)NH₄⁺ is an acid and H₂O is its conjugate base.
• B)H₂O is a base and NH₃ is its conjugate acid.
• C)NH₄⁺ is an acid and H₃O⁺ is its conjugate base.
• D)H₂O is a base and H₃O⁺ is its conjugate acid.
• E)NH₄⁺ is a base and H₂O is its conjugate acid.

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Definitions:

Agent

In economics, an agent is an individual or entity that makes decisions, often in the context of trading or negotiating, on behalf of another person or group.

Informational Asymmetry

A situation where one party in a transaction has more or superior information compared to another. This often leads to an imbalance in power or decision-making.

Hidden Action

A situation in principal-agent relationships where the agent's actions are not fully observable by the principal, potentially leading to agency problems.

Hidden Characteristic

A quality of a product or service that is not immediately observable to the buyer, often leading to information asymmetry in the market.