Any mechanism by which buyers and sellers negotiate an exchange is a
A. market.
B. negotiable instrument.
C. brokerage.
D. corporation.
Answer: A
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Making international comparisons of purchasing power is:
A. generally a straightforward comparison. B. complicated by trying to define a "typical" consumer. C. only hard when attempting to figure out the true purchasing power of the poor. D. All of these statements are true.
Albert Einstein once referred to compounding as
a. "an obsession among economists that defies explanation.". b. "the greatest mathematical discovery of all time.". c. his own discovery. d. John Maynard Keynes's greatest contribution.
_____ is an important determinant of its standard of living in the long run
a. A nation's net exports b. The productivity of a nation's resources c. A nation's population growth rate d. The deficit in a nation's capital account e. The deficit in a nation's current account
Which program forces farmers to destroy millions of dollars' worth of crops each year?
A. Set-asides. B. The dairy termination program. C. Marketing orders. D. Countercyclical payments.