An Expensive Action That Is Taken to Reveal Information Is

question 2

Multiple Choice

An expensive action that is taken to reveal information is called a(n) :

• A) adverse selection.
• B) signal.
• C) credible promise.
• D) principal-agent problem.

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Definitions:

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally dangerous and harmful.

Forced Labor

Forced labor is work that individuals are compelled to do against their will, under threat of punishment or other forms of coercion, often in exploitative conditions.

Performance Contingency

A situation or condition where the outcome or success of a process or task is dependent on certain factors or performances being met.

Availability

The state of being readily accessible or obtainable when needed.