The "lemons problem" exists in the market for goods because
A) sellers tend to try to take advantage of buyers.
B) buyers tend to try to take advantage of sellers.
C) differences in the quality of the goods being exchanged.
D) of moral hazard.
C
Economics
You might also like to view...
Measured unemployment may be lower than actual unemployment because:
A. measured unemployment does not include the frictionally unemployed. B. some individuals may want a job but have become discouraged and stopped looking for one. C. some individuals claim to be unemployed when they are not looking very seriously for a job. D. measured unemployment does not include teenage unemployment.
Economics
Almost all corporate bonds are sold through
A) auction markets. B) brokers. C) commercial banks. D) underwriting syndicates.
Economics