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The federal "lemon law" also provides that the warrantor may be obligated to pay the attorney fees of the party prevailing in a lemon law suit, as do most state lemon laws. If a car has to be repaired for the same defect four or more times and the problem is still occurring, the car may be deemed to be a "lemon".
In Icelandic, lemon socialism is known as Sósíalismi andskotans, meaning "the devil's socialism", a term coined by Vilmundur Jónsson (1889–1971, Iceland's Surgeon General) in the 1930s to criticize alleged crony capitalism in Landsbanki, which gained renewed currency in the debate over the 2008–2012 Icelandic financial crisis. [13]
Transformation problem: The transformation problem is the problem specific to Marxist economics, and not to economics in general, of finding a general rule by which to transform the values of commodities based on socially necessary labour time into the competitive prices of the marketplace. The essential difficulty is how to reconcile profit in ...
The Argentina lemon dispute and the proposed rule to allow the importation of lemons from northwest Argentina into the United States have sparked discussions and raised concerns about the potential impact on the U.S. lemon sector. The economic analysis suggests possible price declines, consumer welfare gains, and producer welfare losses, which ...
It was one of a series of papers to address the important phenomenon of adverse selection in economics, pioneered by the classic study of the lemon problem in used car markets by George Akerlof, [7] and celebrated by the paper by Michael Rothschild and Stiglitz on adverse selection in the insurance market. [8]
A PhD student accused of raping 10 women using alcohol and drugs has denied buying a drug from China in order to carry out sexual assaults on women.
Alec Baldwin and Hilaria Baldwin's romance took off upon meeting by chance at a New York City restaurant 14 years ago. But as Alec tells PEOPLE in this week's cover story, he wasn't looking for a ...
For eight months, the man had been following the carnivore diet — a high-protein, no-carb plan that focuses on eating only animal products, especially meat, eggs and some dairy; and excludes ...