CARFAX is a company that compiles and sells histories of used cars. Used car dealers offer to give their customers a copy of the CARFAX history of the cars in their inventory to:
A. give buyers additional information about used cars for sale.
B. give sellers additional information about used cars for sale.
C. cause adverse selection.
D. avoid having to offer warranties.
Answer: A
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A) July 2007; August 2006 B) January 2007; April 1984 C) December 2007; November 2001 D) March 2007; March 1995
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Keynesians believe
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