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Tutor profile: Judah A.

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Judah A.
Economics Tutor
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Questions

Subject: Economics

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Question:

What is Information Asymmetry?

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Judah A.
Answer:

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.

Subject: Macroeconomics

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Question:

What is Debt to GDP ratio?

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Judah A.
Answer:

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.

Subject: Microeconomics

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Question:

What is Pareto-efficiency?

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Judah A.
Answer:

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.

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