Economists believe that political instability can facilitate economic development in an LDC by making its citizens more open to change and new technology

Consider a market for used cars. Suppose there are only two kind of cars: lemons and good cars. A lemon is worth $1,500 both to its current owner and to anyone who buys it. A good car is worth $6,000 to its current and potential owners

Buyers can't tell whether a car is a lemon until after they have bought the car. What do economists call the problem that buyers of used cars face? What is the price of a used car? Explain and substantiate your answer.

Currency includes coins and paper money in circulation and stored in the federal reserve vaults

a. True b. False Indicate whether the statement is true or false