One effect of the lemons problem in the used car market is that ...

[nelaaney]

One effect of the lemons problem in the used car market is that
 a. the market is efficient
  b. without reliable information, lemons become increasingly common
  c. no good cars are offered on the market
  d. no lemons are offered on the market
  e. good cars sell at more than their market value

Question 2

Differences in stages of development among countries are reflected in a number of ways besides per capita income.
 a. True
  b. False

[Jmfn03]

Answer to Question 1

B

Answer to Question 2

A