Laws and Regulations-caveat emptor

I have a problem in economics on Laws and Regulations-caveat emptor. Please help me in the following question. The Latin phrase which means ‘let the buyer beware is: (1) Caveat emptor. (2) Laissez-faire. (3) Fiat justitia and ruat coelum. (4) Epluribus unum. (5) Caveat venditor.

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

View Complete Question

Related Questions in Microeconomics

Q : Price of Bond by Perpetuity When all

When all bonds are perpetuities which annually pay $100, at an interest rate of 2%, in that case the price of these bonds would be: (1) $9800. (2) $5000. (3) $980. (4) $800. (5) $1,020. How can I s

Q : Different forms of capital account

Different forms of capital account transactions: A) Private Transactions: There are transactions which affect the liabilities and assets of individuals.

Q : Labor History-Blacklisting I have a

I have a problem in economics on Labor History-Blacklisting. Please help me in the following question. Firms which colluded by circulating the names of the union organizers and hence they would have complexity getting jobs were engaged is now-illegal

Q : Medium of Exchange function of money

Medium of Exchange function of money: Money as a medium of exchange signifies money as a means of the payment for exchange of services and goods. The Goods and services are exchanged for money whenever people sell things. Money is exchanged for goods

Q : Long-run curve of a competitive industry

Within a competitive industry into the long run: (w) economic profits are common. (x) existing firms wither in growing industries. (y) economic profits induce new firms to enter an industry. (z) accounting profits will be zero for all firms.

Q : Technology and resource costs I have a

I have a problem in economics on Technology and resource costs. Please help me in the following question. The short-run supply of macadamia nuts is considerably recognized by: (1) Preferences and tastes. (2) Technology and resource costs. (3) The number of consumers.

Q : Functions of price mechanism What are

What are the various functions of price mechanism in a free market economy?

Q : Bookkeeper problem regarding Moral

I have a problem in economics on Bookkeeper problem regarding Moral Hazard. Please help me in the following question. When a bookkeeper embezzles $1 million and flees to the Brazil after 22 years on the job, there is a trouble of: (i) Fugitive derelic

Q : Rate of Return on Investment When the

When the rate of return on investment equals the interest rate, in that case the optimal level of investment will: (w) rise. (x) fall. (y) not change. (z) Any of the above is possible.

Q : Estimate profit-maximizing price The

The profit-maximizing price for RoboMaids is: (1) $24,000 per robot. (2) $20,000 per robot. (3) $16,000 per robot. (4) $12,000 per robot. (5) $10,000 per robot.

Discover Q & A

Leading Solution Library

Avail More Than 1429137 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1942523
Asked

3,689

Active Tutors

1429137

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment