Markets exist
A) because each person specializes in the production of many products.
B) because people are self-sufficient.
C) as an arrangement where buyers do not interact with sellers.
D) so people can buy and sell things.
D
Economics
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How can an insurance company offer people a deal worth taking? Why do both the buyers and the sellers of insurance gain?
What will be an ideal response?
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According to Monetarists, the natural rate of unemployment in each country will be determined by the structural characteristics of the
a. the productive efficiency of that country. b. relationship between the actual price level and the expected price level. c. the monetary policy of that country. d. Both a and b e. All of the above
Economics