1.3.4 Information Gaps 0.0 / 5 ? EconomicsMicroeconomicsASEdexcel Created by: 13clarkenCreated on: 22-04-19 14:32 42531 Across 1. A ... is when it is a risk that a party has not entered into contract and can have misleading information. There is an increased risk taken as a result of insurance (5, 6) 4. ... information occurs when one or a group of economic agents have more information than other economic agents (10) Down 2. Imperfect ... can be caused by Misunderstanding the true costs or benefits of a product, Uncertainty about costs or benefits, Complex ..., Inaccurate or misleading ... , Addiction and Lack of Awareness (11) 3. Examples of ... information include: Landlords, Mortgages, Car insurance, Students fighting for university, Doctors, Used car sellers, Insiders in trading and Stock market traders with information advantages (10) 5. ... information occurs when all economic agents have access to the same information (9)
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