________ Occurs When an Informed Person Takes an Action to Send

question 101

Multiple Choice

________ occurs when an informed person takes an action to send information to an uninformed person,and ________ occurs when an uninformed person creates an incentive for an informed person to reveal private information.

• A) Moral hazard; adverse selection
• B) Adverse selection; moral hazard
• C) Signaling; screening
• D) Screening; signaling
• E) Pooling; separating

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Definitions:

Gender Conflict

A type of social conflict arising from inequalities between genders, often involving struggles for dominance, power, and respect in a society.

Cultural Conflict

A struggle that arises from differing values, practices, traditions, or beliefs between groups of people from different cultures.

Nobel Peace Prize

An international award given annually to individuals or groups for outstanding contributions to the promotion of peace and resolution of conflicts.

Jane Addams

A pioneering social worker, activist, and co-founder of the Hull House in Chicago, known for her contributions to social reform and the women's suffrage movement.