Which of the Following Most Accurately States the Function of Middlemen

question 17

Multiple Choice

Which of the following most accurately states the function of middlemen?

• A) Middlemen reduce transaction costs.
• B) Middlemen add to the expense of buyers and sellers without providing any benefit.
• C) Our economy would work just as well without middlemen since they do not expand the availability of physical goods.
• D) Middlemen reduce the number of transactions since they increase the buyer's price and reduce the seller's net receipts.

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Definitions:

Crisis Intervention

A method of immediate, short-term help provided to individuals experiencing emotional, mental, physical, or behavioral distress or problems.

Coping Methods

Coping methods are strategies or techniques that individuals use to manage stress, confront challenges, or deal with traumatic or difficult situations.

Disaster Survivors

Individuals who have lived through catastrophic events and are in the process of recovering from their impacts.

Practitioners

Professionals engaged in the practice of a particular occupation or profession, often within the healthcare or legal fields.