Microeconomics Study Set 10
Quiz 10: Information
Disclosure laws: A) are an example of how government attempts to assert control over what we eat. B) always help solve information asymmetry, but can cause other problems. C) can result in information overload. D) All of these statements are true.
Explore answers and all related questions
In the early 2000s,laws requiring banks and mortgage brokers to disclose the terms of home loans: A) prevented Americans from entering into mortgage contracts that they did not understand. B) were an example of how the government can act to solve the moral hazard problem. C) were so numerous and detailed that borrowers didn't read or understand the information the companies had disclosed. D) reduced statistical discrimination in the home mortgage market.
In the early 2000s,the government passed laws requiring banks and mortgage brokers to disclose the terms of home loans.This action by the government was an attempt to: A) solve the information asymmetry problem, but did not work as intended. B) solve the information asymmetry problem and led to an improvement in the housing market. C) screen out risky or shady banks and mortgage brokers. D) signal to consumers that the government cared about the value of their homes.
When government mandates participation in a program to solve an information asymmetry problem,it is trying to prevent: A) moral hazard. B) adverse selection. C) building a reputation. D) illegal screening.
Explore all questions
How it work
Terms And Conditions
© 2020 QuizPlus. All Right Reserved