In the market for newly developed real estate, adverse selection ...

[dakota nelson]

In the market for newly developed real estate, adverse selection could occur when
 a. The buyers can observe and detect all the features of the properties
 b. The buyers know more about the property than the developers
 c. The developers of the property know more about the properties than the buyers
  d. Neither parties knows about the item properly

Question 2

The authors feel subsidies destroy wealth because
 a. subsidies move assets from lower- to higher- valued uses
  b. subsidies move assets from higher- to lower- valued uses
  c. subsidies help producers only
  d. subsidies help consumers only

[macagn]

Answer to Question 1

c

Answer to Question 2

b

[dakota nelson]

Thank you

[macagn]

No problemo