Question
The problem where one party to a transaction has more or
better information than the other, leading to potential market failure, is called:Solution
Asymmetric Information is the broader, overarching problem where one party (e.g., a seller, borrower, or agent) possesses material knowledge that the other party (buyer, lender, principal) does not. Adverse Selection (pre-contract) and Moral Hazard (post-contract) are specific manifestations of this problem.
How many persons sit to the left of T?
Eight persons P, Q, R, S, T, U, V and W sit in a linear row. All of them face towards north. P sits third from one of the ends. Only two persons sit bet...
Onion: Cauliflower :: Turmeric :Â ?
Select the option that is related to the third term in the same way as the second term is related to the first term and the sixth term is related to the...
A series is given with one term missing. Select correct alternative from the given ones that will complete the series.
JWIG, ODCY, TKWQ, YRQI, ...
 In a certain code language ‘AILMENT’ is written as ‘MJBMUOF’ and ‘MERCY’ is written as ‘FNRZD’. How is ‘LIGHT’ written in that cod...
Three statements are given, followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at varian...
Select the Venn diagram that best illustrates the relationship between the following classes.
Fur, Animal, Wood
Four words have been given, out of which three are alike in some manner, while one is different. Choose the odd one.
Find which one of the given words can be made from the letters of the given word.
‘ FABULOUS ’
...
