An informed party can use ________ to give information to an uninformed or lesser-informed party.

Question

Quizplus · Accepted Answer

Signaling is a way for an informed party to provide information to an uninformed or less-informed party. This can be done through actions, characteristics or signals that convey information about the quality, value or reliability of a product, service or person. Signaling can help to reduce information asymmetry and improve the efficiency of markets.

An Informed Party Can Use ________ to Give Information to an Uninformed