One Effect of the Lemons Problem in the Used Car

question 147

Multiple Choice

One effect of the lemons problem in the used car market is that

• A)the market is efficient
• B)without reliable information, lemons become increasingly common
• C)no good cars are offered on the market
• D)no lemons are offered on the market
• E)good cars sell at more than their market value

---

Definitions:

Conus Arteriosus

The tapering chamber connecting the ventricle of the heart to the aorta in some vertebrates, smoothing the blood flow as it enters systemic circulation.

Atrium

A chamber of the heart that receives blood returning to the heart from the body or the lungs.

Ventricle

(1) One of four interconnected chambers in the brain through which cerebrospinal fluid flows. (2) One of the chambers of the heart that receives blood from an atrium and pumps blood into arteries.

Pacemaker

An artificial device implanted in the body which uses electrical impulses to regulate the heart's rhythm or reproduce that rhythm.