Lemon laws __________ the __________ problem in the used car market.

A. are meant to reduce; adverse selection
B. are meant to reduce; moral hazard
C. unintentionally worsen; adverse selection
D. unintentionally worsen; moral hazard


Answer: A

Economics

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The ATC curve is __________ and the AVC curve is __________.

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Suppose a stock market crash makes people feel poorer. This decrease in wealth would induce people to

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Economics