The "Lemons Problem" in the Used Car Market Arises from

question 24

Multiple Choice

The "lemons problem" in the used car market arises from

• A)the difficulty U.S. producers have in making reliable cars.
• B)the difficulty buyers have in distinguishing good cars from lemons.
• C)the tendency of buyers of used cars to pay for them with bad checks.
• D)the reluctance of many car dealers to handle used cars.

---

Definitions:

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and control.

Developmental Disabilities

A diverse group of chronic conditions due to impaired physical, learning, language, or behavior development starting before adulthood.

Physical Neglect

The failure to provide necessary care, such as food, clothing, shelter, or medical attention, resulting in harm or risk of harm.

DSM-5 Criteria

Diagnostic standards and criteria for mental disorders used in the Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition.