Author Question: In the market for newly developed real estate, adverse selection could occur when a. The buyers can ... (Read 86 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
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

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

c

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

For a complete list of videos, visit our video library