The Term ʺMarketʺ Refers to

question 118

Multiple Choice

The term ʺmarketʺ refers to

• A) any arrangement that enables buyers and sellers to get information and trade with one another.
• B) physical structures only.
• C) trading arrangements that have been approved by the government.
• D) locations where buyers and sellers physically meet.

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Definitions:

Carbon Monoxide

A colorless, odorless, and toxic gas produced by incomplete combustion of carbon-containing materials, capable of binding with hemoglobin and reducing blood's oxygen-carrying capacity.

Water Vapor

The gaseous phase of water, present in the atmosphere and an important part of the Earth's water cycle and weather.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air and is absorbed by plants in photosynthesis.

Simple Organic Molecules

Basic compounds containing carbon that are the building blocks of more complex organic molecules.