What problem does the Latin term caveat emptor,meaning "let the buyer beware," bring to mind
A)the problem of hidden actions
B)the problem of adverse selection
C)the problem of principals and agents
D)the problem of moral hazard

Question

Quizplus · Accepted Answer

Caveat emptor relates to adverse selection, where buyers may end up purchasing goods with hidden defects due to lack of information.

What Problem Does the Latin Term Caveat Emptor,meaning "Let the Buyer