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Consider a market for used cars. Suppose there are only two kind of cars: lemons and good cars. A lemon is worth $1,500 both to its current owner and to anyone who buys it. A good car is worth $6,000 to its current and potential owners. Buyers can't tell whether a car is a lemon until after they have bought the car.
What do economists call the problem that buyers of used cars face? What is the price of a used car? Explain and substantiate your answer.
Which of the following was a part of the Monroe Doctrine of 1823? Stay out of Russia , Stay out of China, American continents shouldn't be considered for future expsnsion and Stay out of Africa.
discuss the origins of the vernacular language and describe how the language spread. As a whole, in what ways has Latin influenced Western language development?
What is linear perspective - Provide a definition from a reputable website and then find an example of a Renaissance painting (painted between 1420 - 1570) that contains linear perspective.
In what way did the Stalin era represent a revolutionary transformation of Soviet society? How did people experience this transformation?
describe andrew jacksons war with the second bank of the united states. be sure to include key people events and
How many jurys were there in Ancient Athens? I was also wondering what is a jury?
Prepare a short essay (minimum 400 words) in which you take a position and respond to the question: Should Spanish colonial settlers accept the New Laws of 1542?
How did actor and singer Paul Robeson's use his celebrity status to participate in the Civil Rights Movement? Why did racial tensions explode in Detroit? Explain the reason behind calling Detroit the "arsenal of racial conflict"
many experts cite the weakening of the family as one of the causes for some of the problems that society faces today.
How has art as a cultural artifact best represent the culture in which we live today?
Differentiate between commodity money and fiat money. Which was used during the colonial years and what problems were common with this type of money?
What form of government you would choose and why. Include any opposing position along with your rebuttal of that opposing position. Use at least three sources to support your position.
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