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Author Question: Buyers and sellers in a flea market often determine the terms of exchange through a process of ... (Read 42 times)

tichca

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on: Jun 29, 2018
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.


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xiaomengxian

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


tichca

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

strudel15

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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