Author Question: One result of asymmetric information in the market for used cars is that a. few used cars are ... (Read 70 times)

pane00 · **on:** Jun 30, 2018

One result of asymmetric information in the market for used cars is that
a. few used cars are offered on the market
b. few lemons are sold
c. more lemons may be offered for sale than good cars
d. buyers benefit at the expense of sellers
e. good cars will sell for more than they are worth

Question 2

Compared to industrial market countries, developing countries usually have
a. exports consisting mostly of agricultural products and raw materials
b. faster population growth
c. higher unemployment
d. higher rates of illiteracy
e. All of the answers are correct