For Most Goods in an Economy, the Primary Signal That

question 171

Multiple Choice

For most goods in an economy, the primary signal that guides the decisions of buyers and sellers is

• A)advertising.
• B)quality.
• C)reputation.
• D)price.

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Definitions:

General Public

The broad group of people in society who do not have a specialized interest in financial markets or investments but may be affected by its outcomes.

NASDAQ

An American stock exchange known for its high concentration of technology companies, and as a global electronic marketplace for buying and selling securities.

Auction Market

A market structure in which buyers and sellers enter competitive bids simultaneously; the price is determined through an auction process.

National Association Of Securities Dealers Automated Quotations System

An electronic marketplace for buying and selling securities, better known as NASDAQ.