In Economics, the Term for a Person Who Reduces Transaction

question 178

Multiple Choice

In economics, the term for a person who reduces transaction costs by arranging trades for buyers and sellers is

• A) an exchange broker.
• B) a middleman.
• C) a transactions specialist.
• D) an opportunity finder.

---

Definitions:

μ

Symbol representing the mean of a population in statistics.

≠ Symbol

A mathematical symbol denoting inequality, specifically that two values are not equal.

Null Hypothesis

A statistical premise asserting the absence of a relationship or impact between variables, tested to determine if an observed association is likely due to chance.

Directional

Refers to hypotheses in research that predict not only the existence of a relationship between variables but the direction of that relationship as well.