An uninformed party can use ________ to learn about the information held by the informed party.
A)signaling
B)screening
C)a warranty
D)product liability laws

Question

Quizplus · Accepted Answer

Screening is a method where an uninformed party tries to extract as much information from the informed party as possible to make an informed decision. Therefore, an uninformed party can use screening to learn about the information held by the informed party. The other options - signaling, warranty, and product liability laws - are not directly related to an uninformed party learning about the information held by the informed party.

An Uninformed Party Can Use ________ to Learn About the Information