The term that is used to refer to a situation in which one party to a transaction has more or better information than the other party is

The above figure shows the U.S. market for replacement cell phone batteries. Suppose the U.S. government imposes the tariff illustrated in the figure

The tariff is equal to ________, and the price U.S. consumers pay _______compared to the price paid when there was free trade. A) $2; increases B) $2; decreases C) $14; increases D) $14; decreases E) $12; increases

From the perspective of households and businesses deciding where to deposit their money, the key advantage of the private loans issued by commercial banks is ________

A) transparency B) marketability C) incentive for the bank to collect information D) relatively high interest rates