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Nelson Education > Higher Education > Principles of Microeconomics, Fourth Canadian Edition > Student Resources > Internet Activities > Chapter 22

Chapter 22. The Basic Tools of Finance

  1. Visit http://nobelprize.org/nobel_prizes/economics/articles/akerlof/index.html and read the article: Writing the “The Market for ‘Lemons’”: A Personal and Interpretive Essay by George A. Akerlof, one of the Nobel Laureates in Economics 2001. What does buying a “lemon” have to do with asymmetrical information?
  2. Apply the concept of asymmetrical information as discussed in the article in question (1) to your getting a university education?  Are you getting what you bought?

 

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