Most of what we buy and sell never makes it out of domestic markets

Indicate whether the statement is true or false

TRUE

Economics

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What do economists consider the “language” of the market system?

a. cash incentives b. market prices c. sales promotions d. credit cards

Economics

Self-fulfilling expectations challenge the idea of a well-functioning market, particularly in the exchange rate market, because the exchange rate:

A. is determined by rumors. B. may be driven by supply and demand forces. C. may not be driven by supply and demand forces. D. is determined by traders and speculators.

Economics