This topic contains a solution. Click here to go to the answer

Author Question: Today there are two fundamentally different types of markets. What are they? a. Markets that use ... (Read 76 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
Today there are two fundamentally different types of markets. What are they?
 
  a. Markets that use standardized money and those that include barter
  b. Geographically-bounded markets and those open via websites (Internet)
  c. Markets that focus on foodstuffs and markets that focus on services
  d. Urban markets and rural markets
  e. Markets that incur taxation and those that are informal

Question 2

What is the major prerequisite of market exchange?
 
  a. The value of a good is based on supply and demand.
  b. Exchange is based on currency.
  c. Exchange occurs within a commercial environment.
  d. Goods and services are culturally relevant.
  e. Distribution occurs among a minimum of two parties.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

b

Answer to Question 2

a




geodog55

  • Member
  • Posts: 530
Reply 2 on: Jul 10, 2018
Gracias!


scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

For a complete list of videos, visit our video library