--%>

Adverse Selection in buying a defective product

Whenever an on-line seller deceived you into buying a faulty ‘fully preloaded’ iPod, you encompass lost since of: (1) Moral hazard. (2) Rational ignorance. (3) Adverse selection. (4) Bait-and-switch deception. (5) Cognitive dissonance.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Division of labor advantages for workers

    The advantages from the division of labor are improved as workers: (1) Are protected by the barriers which limit the international trade. (2) Who each recognize all facets of production gain an enhanced understanding of the whole project. (3) Constant

  • Q : Theory of imperfect competition An

    An extensive theory of imperfect competition was initially developed by: (1) John Maynard Keynes. (2) Antoine Augustin Cournot. (3) Joan Robinson. (4) Joseph Schumpeter. (5) Thorstein Veblen. How can I solve my

  • Q : Perfectly elastic supply problem When

    When will a rise in demand entail an increase in the quantity demanded however no change in the price?

  • Q : Price elasticity of demand coefficient

    Select the right ans wer of the question. The price elasticity of demand coefficient measures: 1) buyer responsiveness to price changes. 2) the extent to which a demand curve shifts as incomes change. 3) the slope of the demand curve. 4) how far business executives ca

  • Q : Short-run market supply curve of a

    Short-run market supply curve of a competitive industry is derived by summing all the firms’: (1) average cost curves vertically. (2) short-run supply curves horizontally. (3) production capacities along with the resources available. (4) individ

  • Q : What is fiscal deficit Fiscal deficit :

    Fiscal deficit: When the total government expenses are more than total government receipts exclusive of borrowing it is termed as fiscal deficit. Fiscal deficit = Total Government Expenditure – Tot

  • Q : Legal constraints in Labor Markets The

    The employer can legally pursue a policy of: (i) Wage discrimination which is based on the race or gender. (ii) Closed shop agreements with the unions. (iii) Firing the workers who join union. (iv) Wage discrimination mainly based on the employee’s seniority. (v

  • Q : Problem on demand curve shifting right

    Can someone help me in finding out the right answer from the given options. Soybean farming is very much competitive, and United States is the major producer. The soybean mold carried on kangaroo rat fur devastates this year’s crop. This blight is eventually lea

  • Q : Analytic time in market structure In

    In this figure the firm probably to go out of business the soonest would be as: (w) Firm A. (x) Firm B. (y) Firm C. (z) Firm D. 298_Market Str</span></p>
                                        </div>
                                        <!-- /comment-box -->
                                    </li>
   
   </td>
	</tr><tr>
		<td>
       
      <li>
                                        <div class=

    Q : Resolving principal-agent problems I

    I have a problem in economics on Resolving principal-agent problems. Please help me in the following question. Attempts to resolve the principal-agent problems among stockholders and top corporate managers (that is, CEOs) comprise: (i) Profit-sharing systems for the t