"Your car breaks down on a lonely road. A fellow drives up in a pickup truck, approaches you and offers to help, saying he is a mechanic. You remain locked in the car trying to decide if it is safe to take his offer. He understands your concern and says he will answer any questions you may want to ask him to convince yourself that he is really not dangerous. You have no car phone.
Select five questions to ask and explain how those questions can solve your information problem."
Now if I didnt get this question for my microeconomics assignment, I'm pretty sure I wouldnt have any problems handling it.
Thinking about this with the basis of good economic sense is keeping me up.
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