Market failure results in

In the mid 1980s, the massive current account deficits were related to massive U.S. government budget deficits

Indicate whether the statement is true or false

Which of the following were discovered in a Federal Trade Commission Study of 8,000 new and used Corvettes sold on eBay between 2001 and 2003?

a. The last-minute bids on new Corvettes were higher than that on used ones. b. The median winning bid on new Corvettes exceeded that on used ones. c. The median winning bid on used Corvettes exceeded that on new ones. d. The last-minute bids on used Corvettes were higher than that on new ones.