"Lemons" in Used Car Market
- F% y5 n, _5 `1 l: B0 u( L Suppose that you, a college student of somewhat limited means, are in the market for a used pickup truck. The following ad in a local used car publication catches your eyes.
0 z3 e- ]& q: y: c 1993 Ford Ranger, bilk, 4WD, a/cAM/FM/cass., showroom condition.
: j* \/ ^& B; [1 D1 R- G Call 555-1234 after 5 p.m. / c% I1 U5 f( @$ S' V9 B- N
This is exactly the kind of vehicle you want, so you call to inquire about the price. The price you are quoted over the phone is $2,000 lower than the price for this model with this equipment listed in a used car guidebook. Instead of being ecstatic, however, you are suspicious. 4 L, N2 z. F0 N2 O
For many products, when you must pay less than the going rate, you believe you are getting a great deal. This is not necessarily the case for used cars or other durable goods(washing machines and television sets, for example) because with expensive products-or, what is essentially the same thing, products with high replacement costs-you must be particularly careful about getting a "lemon." Or a product of substandard quality. ) d7 K, m6 i" _ \1 H
In addition to asking the price, the age of a car-or any other consumer durable-is a factor when you are trying to determine whether a seller is attempting to unload a lemon. While people have all sorts of reasons for wanting to sell their cars-even relatively new cars-most people hold off until they have put many thousands of miles on a car or until the used car is several years old. You would probably be as suspicious of a car that is "too new" as you would a car that is "too good” a deal. In fact, you are probably willing to pay a high price for a high-quality used car. While this price would certainly be acceptable to the seller, the competitive market might not facilitate such trades.
. X c& o) z# o* } p% F. m 1. The beginning of this passage assumes that college students " E: p* B: z m2 _
A) Are very clever but not very rich. - _9 B8 [! e. a
B) Are very capable but not very diligent. $ U" \* Q9 s: Y6 ?, N
C) Have limited material resources
6 e; G* A" w T D) Are not rich.
% F! A1 l x3 Y/ G) d$ A* H 2. The passage indicated that, sometimes when you find a product of an unexpectedly low price. # s( O& Q9 e. |7 d
A) You are very happy.
5 R: n0 m- ^" z- s6 g8 X" W# Y B) You are rather suspicious. ( T9 H, M7 C6 [
C) You are filled with happiness as well as surprise. ) `( h( C+ |0 C7 O
D) You feel uneasy.
4 Y- C7 c! c# | 3."Lemon" in this passage refers to
) D9 i- w- T# n6 {1 R A) a kind of fruit. ) f0 {2 Q6 V, W% b' l( t2 B. |
B) A kind of new car.
6 [6 _9 z1 ~) \6 y d! L C) A kind of expensive and high-quality car. " e4 [0 K$ C, ?5 g8 [6 R
D) A product of inferior quality. 8 s% B+ m- G6 ~1 U6 W
4. If you want to know if the seller is trying to unload a lemon, you / [" p ]0 ~6 x7 e1 j4 Q
A) Take the age of the car into consideration. t5 p5 c4 B# B+ d0 ], B+ c
B) Take the price of the lemon into consideration
& b$ c2 ]0 w/ z& w6 `* i C) Consider how many miles the car has run. * N3 Z0 D3 U6 S+ b
D) Consider both the price as well as the age of the car.
+ b( |7 V' a& ]3 k7 C: k' d2 r! X5 E 5. It can be concluded from the passage that in the used car market, 3 `! ^* D. L8 ?8 |
A) Used cars are generally cheap.
3 O# {$ v6 [2 c4 V2 i B) Used cars are generally expensive
- [$ ^6 m7 r2 S9 ] C) Used cars are actually brand new 7 n; @6 ]5 R n9 i- X% q/ w) f
D) Car buyers are willing to pay a high price for a used car.
( j6 `; c5 Z& C2 E9 J% g0 z0 S 答案: D B D D A |