A Market Is Said to "Clear" When

question 68

Multiple Choice

A market is said to "clear" when

• A)sellers give up selling their goods because they can't find any buyers.
• B)buyers and sellers are able to buy and sell as much as they want at the market price.
• C)the government decides to shut it down.
• D)sellers run out of goods to sell.

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Definitions:

Cerebellum

A major structure of the hindbrain that is responsible for fine motor control, balance, and coordination.

Little Brain

Another term for the cerebellum, a part of the brain that plays an important role in motor control, and it may also be involved in some cognitive functions.

Midbrain

A part of the brainstem that plays an important role in the processing of visual and auditory information and in the control of eye movements and body movement.

Executive Control Center

A term often associated with the prefrontal cortex of the brain, responsible for decision making, planning, and regulating behavior.