Buyers and sellers in a flea market often determine the terms of ...

[tichca]

Buyers and sellers in a flea market often determine the terms of exchange through a process of ________.
 
  A) collective bargaining
  B) bilateral bargaining
  C) sniping
  D) arbitration

Question 2

Which of the following statements is true?
 
  A) Gold is not a scarce resource.
  B) Both life-saving drugs and ice cream are examples of scarce goods.
  C) If a scarce resource is given away for free, everyone will be able to consume it.
  D) Scarcity means that there is an imbalance between unlimited resources and limited wants.

[xiaomengxian]

Answer to Question 1

B

Answer to Question 2

B

[tichca]

Thanks for the timely response, appreciate it

[kusterl]

Gracias!