Quiz: How Imperfect Information Can Cause Market Failure
AQA A level economics 7136 specification
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Building on what you've learned, let's test your knowledge of how imperfect information can cause market failure!
What does 'imperfect information' mean in economics?
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Which of the following are examples of imperfect information? (Select all that apply)
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When a seller has more knowledge about a product than the buyer, this is called {{blank0}}.
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Match the items on the left with their correct pairs on the right
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What is an example of a solution to imperfect information?
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Match the items on the left with their correct pairs on the right
A situation where consumers cannot judge the quality of a product is called {{blank0}}.
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What are potential consequences of imperfect information? (Select all that apply)
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What is moral hazard?
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