Which of the Following Statements About Markets Is Not True

question 60

Multiple Choice

Which of the following statements about markets is not true?

• A)Markets necessarily have a physical location.
• B)Markets have both a demand side and a supply side.
• C)The two types of markets include the factor and product markets.
• D)Every market transaction involves an exchange of money for goods or resources or a direct exchange of goods or resources without money called barter.

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Definitions:

Westernized Cultures

Cultures around the world that have been influenced by Western values and lifestyle, adopting aspects such as technology, governance, and social norms.

Household Activities

Tasks and chores done in and around the home, such as cleaning, cooking, and maintenance.

Everyday Behavior

Routine actions or conduct exhibited by individuals in their daily life.

Initiate Touching

The act of making physical contact intentionally as a form of communication or to express intimacy.