Which of the Following Transactions Does Not Take Place in a Market

question 159

Multiple Choice

Which of the following transactions does not take place in a market for a factor of production?

• A)Karl provides plumbing services for a plumbing company and receives an hourly wage from the company for his services.
• B)Juanita works as a marriage counselor and her clients pay her on a per-hour basis for her services.
• C)Trish owns several shopping malls and receives rent payments from the companies that operate those malls.
• D)Ben sells advertising for a newspaper and receives a commission from the newspaper company for each advertisement that he sells.

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Definitions:

Industrialization

denotes the process of transforming economies from primarily agricultural to predominantly manufacturing and industrial in nature.

Primary Forces

Fundamental or principal forces driving changes or developments in various fields, such as technology, society, or economics.

Development of Cities

The process by which towns and cities are formed and become larger as more and more people begin living and working in central areas.

Demography

The statistical study of human populations, including their size, growth, density, distribution, and vital statistics.