Tutor profile: Judah A.
What is Information Asymmetry?
Information asymmetry is an economic concept that describes ignorance on the part of one of the parties in an economic transaction. It also occurs when a party in a transaction withholds knowledge or information that could change or impact decision making of another party in the transaction.
What is Debt to GDP ratio?
Debt-to-GDP ratio is an important indicator of a country's economy. It is the ratio of a country's public debt (money borrowed ) to its Gross Domestic Product (National Income). It shows the capability of a country to pay back its debts.
What is Pareto-efficiency?
Pareto efficiency is more or less a state of equilibrium. It is the state where reallocation of resources among a group can not make any member of the said group better off without making another member worse off.
needs and Judah will reply soon.