Complete the following table by determining which economic problem is characterized in each of the scenarios provided.
hubert would like to buy a used plasma television, but he is not an electronics expert and, thus, cannot assess the quality of a tv directly before owning it. hubert believes that owners of the worst tvs are more willing to sell their tvs than owners of the best tvs. because of this, hubert believes that used tvs for sale are probably of low quality.

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%

Only the united states has embassies. true or false

Jake and janelle loved to prepare gourmet meals for friends and family. they started a business of preparing theme-type dinners for friends who were having parties. to generate even more interest in the business, janelle created on her website. she posted pictures of events, and close-ups of the food they served. she encouraged patrons and others to post reviews, comments, and favorite recipes, and to share their own party ideas. her promotion became a dialogue between buyers of her service and the business. interactive promotion infomercials product placement broadcast