CARFAX Is a Company That Compiles and Sells Histories of Used

question 230

Multiple Choice

CARFAX is a company that compiles and sells histories of used cars. CARFAX reduces the

• A) number of cars exchanged in the used car market.
• B) information asymmetry in the used car market.
• C) number of used cars offered for sale in the market.
• D) cost of used cars in the market.

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Definitions:

Sitting Up

is the act or instance of moving to a sitting position from a lying down position, often considered an important developmental milestone in infants.

Conservation

The understanding in cognitive development that quantity or amount remains the same despite changes in shape or presentation.

Nature

The physical world and everything in it, such as plants, animals, and landscapes, as opposed to humans or human creations.

Nurture

The influence of external factors like environment, education, and social experience on an individual's development, as opposed to genetic predisposition.