Asymmetric information exists when Group of answer choices neither party to an exchange is knowledgeable about the quality of the good being exchanged. a good that is either nonrivalrous or nonexcludable is being sold on a market. both parties to an exchange have all relevant facts about that exchange. the two parties to an exchange differ in what they know about the good being exchanged.

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)

Why does the downward-sloping production possibilities curve imply that factors of production are scarce?