Which of the Following Is True Regarding Markets

question 126

Multiple Choice

Which of the following is true regarding markets?
I. Economists define a market as a geographic location where trade occurs.
II. A market enables buyers and sellers to get information about each other and to buy and sell from each other.
III. Markets coordinate decisions through prices.

• A) I only
• B) I and III
• C) II and III
• D) I, II and III

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Definitions:

Neurotransmitter

Chemical substances in the nervous system that transmit signals between neurons.

Dopamine

A neurotransmitter involved in a number of functions, including mood, sleep, learning, and the reward system, often linked to feelings of pleasure and satisfaction.

Parkinsonism

A syndrome characterized by tremor, bradykinesia, rigidity, and postural instability, often associated with Parkinson's disease but can be caused by other conditions as well.

Muscular Rigidity

An increased tone of muscle tissue leading to stiffness and resistance to movement.