How do guarantees and warrantees serve as a method of reducing adverse selection in the market for electronics

Q: What is full form of ERISA? Describe about it.

A: The full form of ERISA is the Employee Retirement Income Security Act which was established in the…

Q: Many administrative agencies have law enforcement responsibilities  True  False

A: Law enforcement is the action or activity of compelling observance of or compliance with the law. It…

Q: After a loan has been made to a borrower, what can financial intermediaries do to reduce moral…

A: Nation in which an economic actor has an incentive to increase its risk exposure because it does not…

Q: An optimal tort system minimizes: A) Accident costs B) Avoidance costs C) The product of (A) and…

A: Optimal System Cost is the economic law established to protect the accidental cost incurred in…

Q: Can employees, managers, and executives have too much information?

A: When a system's processing capability is exceeded by the amount of data it receives, information…

Q: Suppose you are applying for a mortgage loan. The loanofficer tells you that if you get the loan,…

A: Asymmetric information means when two entities are having a transaction, where one person or entity…

Q: You have a prescription drug insurance plan with a $500 deductible, 25% coinsurance after the…

A: Deductible=$500 Coinsuarance=25% Out of pocket maximum= $1250 total bill=$2075

Q: Why do the government subsidize insurance companies.

A: The subsidy is the process of providing a sum of money by the government to the firm or the…

Q: Which of the following is a method used by a private seller to help reduce imperfect information…

A: Answer: Imperfect information refers to the situation where either buyer or seller has less…

Q: Define conditions and warranties and distinguish between both under the relevant provision of Sale…

A: In an economy, different acts are made by the regulating authorities to distinguish the market…

Q: what are the Benefits and Costs of Delinquency for Microfinance Institutions

A: Delinquent loans do not always result in default, but they have a negative impact on any lending…

Q: What are some ways a seller of labor (that is, someone looking for a job) might reassure a possible…

A: A labor market is a place where the people who are willing to work at the prevailing market wage…

Q: A victim need not be physically injured or harmed for a battery to occur so long as offensive…

A: In Battery, offensive contact is sufficient for a person to commit the crime even though the…

Q: Suppose you work in a police station or a law firm and signed a confidentiality agreement regarding…

A: A confidentiality agreement is an agreement between two or more people that decides to not disclose…

Q: Are there any drawbacks to bimetallism?

A: A monetary system that is also known by the name bimetallism is the system in which the value of a…

Q: Evaluate the need for confidentiality in the contexts of a variety of research topics ?

A: Confidentiality is taken to mean. that classifiable info regarding. people collected throughout the.…

Q: users of funds take

A: The price is what suppliers tend to receive and what the demanders tend to pay in any market.

Q: True or False: Most used cars have a full warranty. O True O False

A: Warranty is a type of guarantee that a manufacturer makes to the customer which ensures that repairs…

Q: Discuss the legal and regulatory environment for MFIs in Kenya.

A: A microfinance institution is a business that provides financial services to people with low…

Q: 21. The Red Furniture Company claims a distribution centre esteemed at $90,000, loaded with…

A: Given information, The structure of the distribution centre = $90,000 Furniture = $2,00,000…

Q: An closest example of a risk-free security is

A: Risk-free security refers to that security which has a certain return and there is no possibility of…

Q: A type of financial innovation designed to get around regulations is called

A: Financial innovation is a act of creating new financial instruments as well as new financial…

Q: Distinguise the Perfect Information and Imperfect Infomation.

A: The concepts of Perfect Information and Imperfect Information are about game theory. Perfect…

Q: How do conflicts of interest make the asymmetricinformation problem worse?

A: Asymmetric information refers to the incomplete or misguiding information shared with regarding the…

Q: What are five methods to increase luggage compartment security?

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: How we know that policies offered by private insurance companies are worse than fair game?

A: In a market, when an individual gets insurance policy from the private insurance companies, they…

Q: How can we assess whether a given set of instruments is valid or not?

A: We can assess whether the given set of instruments is valid or not using the following Criterion:…

Q: Name the four methods of payment for international shipments. Which method is riskiest for the…

A: Meaning of International Trade: The term trade refers to the situation where this is a transaction…

Q: Recognize adverseselection and summarize the ways in whichit can be reduced.

A: Market failure occurs due to several problems such as adverse selection, moral hazard, etc. These…

Q: Discuss Four (4) risks face by commercial bank with asymmetric information.

A: Asymmetric information refers to market situation when the trading parties has unequal information…

Q: Where does a buyer, who has no experience with a given supplier, gather the requiredinformation?

A: In a market for a particular good, an equilibrium in the market is efficient when the buyer and…

Q: Which of the following could be leakage?

A: The circular flow of income explains how the money in an economy is generated and circulates between…

Q: Insurance companies are regulated under federal insurance laws. True False

A: This statement is false.

Q: What Is Countertrade Requirements?

A: Countertrade may be a reciprocal variety of international trade which goods or services are…

Q: What is countertrade?

A: International trade refers to the flow of goods and services that is place between different…

Q: Is FedEx’s level of emphasis on quality appropriate? Why or why not?

A: The act of overseeing all of the tasks and activities which are required for the maintenance of the…

Q: Five main points on the topic 'Impact of Cryptocurrency to the Economy of the Students.'

A: Cryptocurrency: It is a kind of currency that is present in digital format.

Q: What are some ways a seller of goods might reassure a possible buyer who is faced with imperfect…

A: Following are the ways which reassure the buyer if faced with imperfect information : 1. Money-Back…

Q: You are on the board of directors of a private high school, which is hiring new tenth-grade science…

A: Imperfect data describes the circumstance where there are not all the requisite details available to…

Q: Define complete information

A: Game theory in economics deals with strategic interaction among various players. It shows how…

Q: How might advertising with no apparent informationalcontent still convey information to consumers?

A: Advertising refers to sponsoring a product to the customers by paying for sending the information to…