A market can accurately be described as_________________?

A. a place to buy things
B. a place to sell things
C. the process by which prices adjust to reconcile the allocation of resources
D. a place where buyers and sellers meet

Related Mcqs:

The market for hand tools (such as hammers and screwdrivers) is dominated by Draper Stanley, and Craftsman This market is best described as ?
A. monopolistically competitive B. a monopoly C. an oligopoly D. competitive...
There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?
A. Grey market B. Over-the counter (OTC) C. Open market D. Back market...
If a producer has market power (can influence the price of the product in the market) then free market solutions ?
A. are equitable. B. are efficient C. maximize consumer surplus D. are inefficient...
If all firms in a market have identical cost structures and if inputs used in the production of the good in that market are readily available, then the long-run market supply curve for that good should be ?
A. downward sloping B. perfectly inelastic C. upward sloping D. perfectly elastic...
When Coca-Cota and Nestle formed joint venture to market a ready to drink coffee and tea worldwide the type of marketing system that was formed would best be described as being a(n)?
A. vertical marketing system B. parallel marketing system C. diversified marketing system D. horizontal marketing system...
Which market is called Bear market ?
A. Market with upward and stock prices. B. Market with a prolonged period of falling stock prices C. A very big market D. A very big industrial market...
If the price elasticity of demand for a product in market A is -0.2 and in market B is -3 a price discriminator will charge ?
A. The higher price in market A B. The higher price in market B C. The same Price in both markets D. Cannot tell which price will be higher...
Given recent information about growth trends and growth potential of ethnic populations within the U.S market which of the following ethnic groups would be a best bet to double during the next half century and become one of the U.S market’s most viable segments ?
A. Hispanics and Asians B. African Americans C. Western Europeans D. Middle Eastern...
Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more than demand for personal computers In the market for personal computers i the market for personal computers, we would expect ?
A. the change in the equilibrium quantity to be ambiguous and the equilibrium price to fall. B. the equilibrium quantity to rise and the equilibrium price to rise C. the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous D. the equilibrium quantity to rise and the equilibrium price to...
one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?
A. quickly B. slowly C. very infrequently D. instantly...