Some States Have Laws That Require That Used Car Dealers

question 151

Essay

Some states have laws that require that used car dealers give buyers a 30 -day period during which they can return cars that are discovered to be lemons low-quality). Whom do laws like this help? Whom do they hurt?

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Definitions:

National Debt

The total amount of money that a country's government has borrowed.

Taxes

Mandatory economic impositions or alternative kinds of charges placed on taxpayers by governmental bodies to finance state expenditure and diverse public costs.

Real GDP

The measure of the value of all goods and services produced within a country over a specified period of time, adjusted for inflation.

Government Purchases

All goods and services bought by the federal, state, and local governments.