Which of the Following Statements Is (Are) TRUE

question 42

Multiple Choice

Which of the following statements is (are) TRUE?
I. The lemons problem causes an inefficiently high number of sales in high-quality goods.
II. The lemons problem affects how much buyers are willing to pay for goods.
III. The lemons problem does not affect the market for services.

• A) I and II
• B) II
• C) III
• D) I, II, and III

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Definitions:

Stimuli

Stimuli are changes in the external or internal environment that evoke a response from organisms or individual cells.

Adaptations

Modifications or adjustments in structure, function, or behavior that make a species more suited to its environment.

Imprinting

(1) The expression of a gene based on its parental origin; also called genomic imprinting or parental imprinting. (2) A type of learning by which a young bird or mammal forms a strong social attachment to an individual (usually a parent) or object within a few hours after hatching or birth.

Circadian Rhythm

The internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.