In economics,which term refers to a difference in access to relevant knowledge
A)a behavioural gap
B)a concealment gap
C)an information asymmetry
D)an access imperfection

Question

Quizplus · Accepted Answer

The term that refers to a difference in access to relevant knowledge in economics is information asymmetry. This means that one party in a transaction has more or better information than the other party, leading to an imbalance in power and potentially unfair outcomes. The other answer choices are not related to this concept.

In Economics,which Term Refers to a Difference in Access to Relevant