The "lemons" problem is that
a. cars of verifiable high quality are withheld from the used car market
b. cars of verifiable low quality are withheld from the used car market
c. cars of unverifiable high quality are withheld from the used car market
d. cars of unverifiable low quality are withheld from the used car market
c
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When the Fed purchases artwork to decorate the conference room at the Federal Reserve Bank of Kansas City
A) reserves rise, but the monetary base falls. B) reserves fall. C) currency in circulation falls. D) the monetary base rises.
The baby boom of the post–World War II period had the greatest impact on the size of the U.S. labor force in _____
a. the 1980s b. the 1970s c. the 1960s d. the 1950s e. the late 1940s
The reserve ratio is 20 percent. The Fed buys? $1 million in government securities from a bond dealer by transmitting the funds to the? dealer's deposit account at Bank A. Bank A makes the maximum loan possible to a construction? company, which buys materials with the loan. The check is deposited in Bank? B, which loans out all it can to a car dealership. To this? point, the money supply has increased by
A) $1 million B) $1.8 million C) $2.44 million D) $3 million.
Public choice theory emphasizes the role of self-interest in public decision-making.
Answer the following statement true (T) or false (F)