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____ [38]
3 years ago
11

6) The problem created by asymmetric information before the transaction occurs is called ________, while the problem created aft

er the transaction occurs is called ________.
Social Studies
1 answer:
IceJOKER [234]3 years ago
3 0

Answer:

Adverse selection; Moral hazard

Explanation:

Asymmetric information refers to a situation in which one person have more information about the other person while engage in a transaction.

Suppose there are a buyer and a seller in a insurance market. In this market, a buyer have more information than the insurance seller because he knows better about his health condition and how much he is involved in riskier activities. Therefore, this problem is known as adverse selection.

Moral hazard refers to a problem which occurs after the transaction has occured. It occurs when someone try to engage in riskier activities because he or she knows that other party bears the burden of cost if there is anything goes wrong.

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<span>Leon Botstein suggests that the American high school is obsolete and should be abolished because of the artificial intensity of a world defined by insiders and outsiders, in which the insiders hold sway because of superficial definitions of good looks and attractiveness, popularity and sports prowess.</span>
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HELP FASTTTT I AM TIMED!!!!
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Answer:

I'd admire President Bush, he got a degree and went through 9/11. He also wanted education for all children, for example, no child left behind.

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If the Great Depression had not happened, would World War Il have been avoided?​
djyliett [7]

Explanation:

World War I’s legacy of debt, protectionism and crippling reparations set the stage for a global economic disaster.

Nearly two decades after leaving the White House, Herbert Hoover knew precisely where to place the blame for the economic calamity that befell his presidency—and it wasn’t with him. “The primary cause of the Great Depression was the war of 1914-1918,” the former president wrote in his 1952 memoirs. “Without the war there would have been no depression of such dimensions.”

The president scapegoated by many for the economic disaster certainly had the motive to point the historical finger away from himself, but some economists and historians agree with Hoover’s assessment that World War I was the foremost of several causes of the Great Depression.

LISTEN: Hope Through History - FDR and the Great Depression

“There can be little doubt that the deepest roots of the crisis lay in the several chronic infirmities that World War I had inflicted on the international political and economic order,” wrote historian David M. Kennedy. “The war exacted a cruel economic and human toll from the core societies of the advanced industrialized world, including conspicuously Britain, France and Germany.”

“World War I and its aftermath is the dark shadow that hangs over the entire period leading up to the Great Depression,” says Maury Klein, professor emeritus of history at the University of Rhode Island and author of Rainbow’s End: The Crash of 1929. “Pick any policy you want, and you can see how it leads back to World War I.”

America Retreats From the World

While the United States emerged from World War I not only as the world’s leading economic power, but scarred by its involvement in what many Americans saw as a purely European conflict. The disillusionment with World War I led to a retreat from international affairs.

“America was going to make the world safe for democracy and came out disgusted with the whole thing,” Klein says. “The United States emerged as the logical leader on the world stage and then cut out of that role.”

Not wanting to be saddled with the cost of a European war, the United States demanded that the Allies repay money loaned to them during the conflict. “The Allies took the position that if they had to do that, then they would have to collect reparations from Germany that could be used to repay the war loans,” Klein says.

German Reparations Weigh Down Europe

Council of Four at the WWI Paris peace conference, May 27, 1919 (L - R) Great Britain Prime Minister David Lloyd George, Italian Premier Vittorio Orlando, French Premier Georges Clemenceau, U.S. President Woodrow Wilson. The treaty signed at the conference saddled Germany with billions of dollars in reparations.

As a result, the punitive Treaty of Versailles required Germany to pay billions of dollars in reparations to Great Britain, France, Belgium and other Allies. “The Peace is outrageous and impossible and can bring nothing but misfortune,” wrote economist John Maynard Keynes after resigning in protest as the British Treasury Department’s chief representative to the peace conference. In his international bestseller The Economic Consequences of the Peace, Keynes argued that the onerous reparations would only further impoverish .

4 0
3 years ago
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zalisa [80]

Answer:

A

Explanation:

MLK never wanted violence only peace he preached about peace and justice simple research will teach you that. But the answer is a sir or mam.

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3 years ago
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Answer:

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Explanation:

Gordon Bazemore is a professor of Criminal Justice and is an avid speaker on the topic of Restorative Justice. According to my research on Bazemore's studies, I can say that based on the information provided within the question he has suggested that restorative justice should be organized around the principle of balance. In other words it should be a balanced approach that divides efforts equally into crime victims, increase competency in offenders,  enhancing community safety.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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