Examlex
What term describes open fissures in the brittle surface ice of a glacier?
Asymmetric Information
A situation where one party in a transaction has more or superior information compared to another, leading to imbalances in transactions.
Federal Government
The national government of a federal country, which holds the authoritative power to govern the nation as a whole, distinct from regional or state governments.
Medicare Program
A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.
Adverse Selection
A situation in which sellers have information that buyers do not (or vice versa) about some aspect of product quality.
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