Which of the following is NOT a government response to asymmetric information?
A) liability laws
B) social regulation
C) manufacturer's warranties
D) government licensing
C
You might also like to view...
The factor accounting for most of the earnings difference between equally educated and experienced men and women is that women
a. receive less pay for equal work. b. are segregated into low-paying occupations. c. receive comparable pay only when they do work of comparable value to the employer. d. are prohibited by law from doing certain kinds of work.
An increase in nominal GDP will:
a. Increase the transactions demand and total demand for money b. Decrease the transactions demand for money but increase the total demand for money c. Decrease the transactions demand and total demand for money d. Increase the transactions demand for money but decrease the total demand for money