When economists speak of markets, they primarily mean:
a. places where production of goods and services take place
b. those locations where stocks and bonds of corporations take place.
c. mechanisms that coordinate actions of buyers and sellers.
d. the trillions of dollars that change hands in the foreign exchange markets.
c
You might also like to view...
A bank has $250 in checking deposits, $1,000 in savings deposits, $1,200 in time deposits, $1,000 in loans to businesses, $400 in outstanding credit card balances, $800 in government securities, $25 in currency in its vault, and $25 in deposits at
the Fed. Of these, ________ are part of M2. A) $2,600 B) $2,450 C) $3,450 D) $2,850 E) $2,200
In a perfectly competitive market, firms will exit in the
a. short run if they are suffering economic losses b. short run if they are earning below-normal profit c. short run if price exceeds average total cost d. long run if they are earning above-normal profit e. long run if they are suffering economic losses