Federal land policy of the United States was much less generous toward squatters than some of the colonial government's land policies before Independence

A feature that distinguishes economists' approach to making choices is (are):

A) assigning opportunity costs a major role in their analyses of choices. B) assuming individuals make choices to maximize objectives. C) emphasizing that choices are made at the margin. D) all of the above.

Explain what may occur when a buyer and a seller have unequal amounts of limited information. Describe two different types of problems that may arise when asymmetric information exists

What will be an ideal response?