The Term That Is Used to Refer to a Situation

question 85

Multiple Choice

The term that is used to refer to a situation in which one party to an economic transaction has less information than the other party is

• A)inefficient market hypothesis.
• B)moral hazard.
• C)information disparity.
• D)asymmetric information.

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Definitions:

External Validity

The extent to which the findings of a study can be generalized to other settings, populations, or time periods.

Double-masked

A study design where neither the participants nor the experimenters know who is receiving a particular treatment, used to prevent bias.

Epidemiological

Relating to the study of how diseases affect the health and illness of populations.

Longitudinal

Involving repeated observations or examinations of the same subjects over a period of time, usually to study changes or outcomes.