If an American can purchase 40,000 British pounds for $90,000, the dollar rate of exchange for the pound is:

Suppose that there are only two types of used cars, peaches and lemons and that used cars are pure experience goods. Peaches are worth $10,000, and lemons are worth $6,000. Three fourths of all used cars are peaches, and one fourth are lemons

In a market with no signals, for instance, a market without warranties, the average value of cars actually sold will be A) $6,000. B) $7,000. C) $9,000. D) $10,000.

Incentives to provide resources to less qualified individuals are referred to as

a. adverse selection b. forced saving c. moral hazard d. seigniorage e. all of the above