What is an informational cascade?
A) An excess flow of market information that makes it difficult for an investor to form a rational decision.
B) A continual decline in the quality of market information from public sources due to sequential budget cuts.
C) A continual increase in the quality of market information from public sources due to broader use of the internet by market participants.
D) A sequence of decisions based on the actions of others rather than fundamental information.
D
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The_____________is the principle that suppliers will normally offer more for sale at higher prices than lower prices.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is true?
A. Consumption equals investment. B. Every dollar spent on goods and services becomes income for the government. C. The production possibilities of the economy define the limits to real income. D. Market incomes equal business expenditures.