Relating to the Economics in Practice on page 360: The smart phone app which allows skiers at a slope to report weather conditions to others would lessen the problem of
A) moral hazard.
B) market signaling.
C) asymmetric information.
D) risk-loving.

Question

Quizplus · Accepted Answer

The app would lessen the problem of asymmetric information, as it allows skiers to share information about weather conditions with others, reducing the information asymmetry and potential for adverse selection.

Relating to the Economics in Practice on Page 360: the Smart