The lemons model suggests that owners will have superior information about the quality of their cars and incentives to conceal it, to which buyers will respond by lowering their bids

Profits are part of the

A) factor services. B) monetary value of output. C) final consumer goods. D) total income.

The term "underemployed" is used to describe an individual who: a. prefers full-time employment but works only part time

b. has given up looking for a job because he is discouraged about his prospects. c. is jobless because of the seasonal nature of his job. d. is jobless due to a recession in the economy.