The type of market in which there is direct interaction between buyers and sellers is a(n)
A) brokered market.
B) auction market.
C) dealer market.
D) primary market.
B
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If the exchange rate is 1000 yen = $20, you would get ____ in American money for 1 yen.
Fill in the blank(s) with the appropriate word(s).
Suppose you see a 2006 Scion xB Sport Wagon advertised in the local newspaper for $4,500. If you knew the car was reliable, you would be willing to pay $6,000 for it. If you knew the car was unreliable, you would only be willing to pay $2,500 for it
Under what circumstances should you buy the car at the asking price? What will be an ideal response?
What goods are available to all without direct payment?
A. private goods B. public goods C. common goods D. toll goods
Refer to the information above. If the level of production in the economy equals 3000, the amount of saving equals ________ and the level of unintended inventory investment equals ________
A) 200; 200 B) 200; -200 C) 1200; 600 D) 1200; -600