An example of an information asymmetry is when a worker knows more about his work effort than his employer does.

Name: An example of an information asymmetry is when a worker knows more about his work effort than his employer does.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

Information asymmetry occurs when one party has more information than another party in a transaction, and in this case, the worker has more information about their own work effort than their employer.

An Example of an Information Asymmetry Is When a Worker