Nobel prize winner George Akerlof is associated with the "________ problem."
A) lemons
B) efficient markets
C) riskiness
D) volatility

Question

Quizplus · Accepted Answer

George Akerlof is associated with the "lemons problem," which refers to the problem of information asymmetry in markets, where one party has more information than the other, leading to an imbalance in transactional power. Akerlof's work on this problem helped to shape the field of behavioral economics.

Nobel Prize Winner George Akerlof Is Associated with the "________