Imbalances in information can cause problems between:
A) buyers and sellers.
B) lenders and borrowers.
C) employers and employees.
D) All of these statements are true.

Question

Quizplus · Accepted Answer

Imbalances in information can lead to problems in all of these relationships. When buyers do not have enough information about a product, they may overpay or receive a product that does not meet their needs. When lenders do not have enough information about a borrower's ability to repay a loan, they may make unwise loans that are not repaid. When employers do not provide important information to employees, it can lead to misunderstandings or low morale.

Imbalances in Information Can Cause Problems Between