Reviews, Ratings and Trust: Checkpoint 1

Quick checkpoint - five questions on reviews, ratings and trust.

Question 1 of 5 What problem do reviews help reduce?

Trade deficits Information asymmetry between sellers and buyers Unemployment Inflation

They partly address the lemons problem.

Question 2 of 5 What is the J-curve in ratings?

A tax schedule A curve of prices A stock chart Many 5-star and 1-star reviews with few in the middle

Self-selection causes it.

Question 3 of 5 Which Indian body warned against fake reviews?

Consumer protection authority (CCPA) RBI NITI Aayog SEBI

Disclosure is required for sponsored reviews.

Question 4 of 5 Why should you read 3- and 4-star reviews?

They often contain balanced detail They cost more They are always fake They are longest

They can be more informative.

Question 5 of 5 How can low ratings hurt gig workers?

Nothing Fewer jobs or suspension Higher taxes Free insurance

Bias and lack of appeals are concerns.

We believe knowledge should be open to everyone, not limited by barriers.

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