Micro-Economic Analysis-Asymmetric Information [NTA-NET (UGC-NET) Economics & Development (01)]: Questions 1 - 4 of 4
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Question 1
Question MCQ▾
When one party exploits another party due to the existence of asymmetric information between them, such a situation is termed as what?
Choices
Choice (4) | Response | |
---|---|---|
a. | Moral Hazard | |
b. | Adverse Selection | |
c. | Cheating | |
d. | Exploitation |
Question 2
Question MCQ▾
Lemons market is a Model of asymmetric information and it is related to which market and it was put forth by whom?
Choices
Choice (4) | Response | |
---|---|---|
a. | It is a market for Second hand Bikes, Put forth by George Aklerlof. | |
b. | It is market for vegetables, put forth by George Akerlof. | |
c. | It is a market for Second hand cars, Put forth by George Akerlof. | |
d. | It is market for Lemons, Put forth by Paul Sweezy. |
Question 3
Appeared in Year: 2019
Question MCQ▾
Why do individuals act in riskier ways after being insured? (June)
Choices
Choice (4) | Response | |
---|---|---|
a. | Due to the problem of moral hazard | |
b. | Due to the problem of adverse selection | |
c. | Due to the problem of false confidence | |
d. | Due to the problem of screening costs |
Question 4
Appeared in Year: 2022
Question MCQ▾
Arrange the books in ascending order based on their year of publication
i. An Inquiry Into the Nature and Causes of Wealth of Nations
ii. The Theory of Moral Sentiments
iii. Capitalism, Socialism and Democracy
iv. The Great Transformation: The political and Economic Origin of Our Time
v. The Affluent Society
Choose the correct answer from the options given below:
Choices
Choice (4) | Response | |
---|---|---|
a. | ii, iii, iv, v, i | |
b. | i, iii, v, ii, iv | |
c. | ii, i, iii, iv, v | |
d. | Both a. and c. are correct |