The Market Clearing Approach Assumes That

question 60

Multiple Choice

The market clearing approach assumes that:

• A)people are not able to affect prices that influence their decisions.
• B)prices adjust to clear markets.
• C)firms are not able to affect prices that influence their decisions.
• D)all of the above.

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Definitions:

Time Pressure

The stress experienced when the amount of time available to complete a task is perceived to be insufficient.

Gossip

Informal and often unverified conversation or reports about other people, typically involving details that are not confirmed as being true.

Cooperative

Pertaining to the willingness to act together with others for a common purpose or benefit.

Selfish

Concerned excessively or exclusively with oneself, often at the expense of others.