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Author Question: Define what a market is and provide three examples of where a market can be ... (Read 27 times)

Hungry!

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on: Jun 30, 2018
Define what a market is and provide three examples of where a market can be found.

Question 2

If the ____ is/are fixed, a change in nominal income is equivalent to a change in real income.
 a. price level
 b. interest rates
 c. tastes and preferences
  d. future expectations


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kiamars2010

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A market is the process of buyers and sellers exchanging goods and services. Examples are abundant: bookstores, corner grocery markets, stock markets such as the New York Stock Exchange, barbershops, roadside markets, online auction markets, etc.

Answer to Question 2

a


Hungry!

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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