Each of the Following Is an Example of an Institution

question 7

Multiple Choice

Each of the following is an example of an institution that helps limit the lemons problem in the used car market EXCEPT:

• A) a mechanic's inspection of the vehicle.
• B) Carfax (a website that provides verified information about the vehicle's history).
• C) a warranty offered by the seller.
• D) a statement from the seller regarding the vehicle history.

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Definitions:

Augmented Reality

A technology that superimposes computer-generated images on a user's view of the real world, providing a composite view that augments the real environment.

Virtual Reality

A simulated experience created with computer technology, which can replicate an environment or simulate a presence in real or imagined worlds.

Mainframes

High-performance computers used primarily by large organizations for bulk data processing, such as census, industry and consumer statistics, ERP, and financial transaction processing.

Big Data

A collection of data so large and complex that it is difficult to manage using traditional database management systems.