Economics - Asymmetric Information
Quiz-summary
0 of 20 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
Information
This is the MCQs of Economics
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 20 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- Answered
- Review
-
Question 1 of 20
1. Question
Jamil’s car is in need of repair so John decides to sell it t avoid the repair bill. Unaware of the problem, Shahab buys the car. This is an example of
Correct
Incorrect
-
Question 2 of 20
2. Question
Nicole wants to avoid buying a car that is a lemon. She takes a car she would like to buy to her mechanic before she purchases it. This is known as
Correct
Incorrect
-
Question 3 of 20
3. Question
Markus is a travelling salesman for an apparel company. In this employment relationship, Markus is the
Correct
Incorrect
-
Question 4 of 20
4. Question
Which of the following must be true about a signal that is used to reveal private information in order for the signal to be effective?
Correct
Incorrect
-
Question 5 of 20
5. Question
Which of the following is an example of a signal that is used to reveal private information?
Correct
Incorrect
-
Question 6 of 20
6. Question
Which of the following is not a method firms use to avoid the moral hazard problem in the employment relationship?
Correct
Incorrect
-
Question 7 of 20
7. Question
Which of the following best demonstrates the problem of moral hazard?
Correct
Incorrect
-
Question 8 of 20
8. Question
A life insurance company forces Enzo to have a medical examination prior to selling him insurance
Correct
Incorrect
-
Question 9 of 20
9. Question
Refer to Figure 1 What precent of the population vote for A when the choice is between A and B?
Correct
Incorrect
-
Question 10 of 20
10. Question
Refer to Figure 1. Under pairwise majority voting which outcome wins?
Correct
Incorrect
-
Question 11 of 20
11. Question
Refer to Fiqure 1, If we first compare A to C, and then compare the winner to B, which outcome is the winner?
Correct
Incorrect
-
Question 12 of 20
12. Question
Refer to Figure 1. Using Borda count, Which outcome is preferred?
Correct
Incorrect
-
Question 13 of 20
13. Question
Which of the following is not a property required of a perfect voting system?
Correct
Incorrect
-
Question 14 of 20
14. Question
Suppose that 40 percent of the voting population wish to spent Rs1,000 for artwork in City Hall, 25 percent wish to spent Rs20,000 and 35 percent wish to spend Rs 22,000 What is the median preferred outcome, the average preferred outcome and the modal preferred outcome?
Correct
Incorrect
-
Question 15 of 20
15. Question
Which of the following is true under pairwise majority rule if people vote for the outcome closest to their most preferred outcome?
Correct
Incorrect
-
Question 16 of 20
16. Question
Which of the following is not true about how people make decisions?
Correct
Incorrect
-
Question 17 of 20
17. Question
In the ultimatum game, what split would be rational for both the person proposing the split and the person who must accept or reject the split?
Correct
Incorrect
-
Question 18 of 20
18. Question
Which of the following help explain why firms pay bonuses to workers during particularly profitable years to prevent workers from becoming disgruntled?
Correct
Incorrect
-
Question 19 of 20
19. Question
Jamil’s friend dies of a sudden heart attack. Jamil rushes to his doctor for an expensive physical examination. This response demonstrates that
Correct
Incorrect
-
Question 20 of 20
20. Question
Which of the following is a response to People’s inconsistent behaviour over time?
Correct
Incorrect