Which of the Following Statements About Markets Is Not True

question 29

Multiple Choice

Which of the following statements about markets is not true?

• A)A market is an impersonal mechanism.
• B)Markets coordinate the independent decisions of buyers and sellers.
• C)Markets reduce the transaction costs of exchange.
• D)More specialized markets are generally found in urban areas.
• E)All markets provide the same amounts of information.

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Definitions:

Gender-Stereotyped

Referring to oversimplified and generalized beliefs about the characteristics, attributes, and behaviors of males or females.

Household Roles

The duties, responsibilities, and expectations assigned to members of a household, often based on age, gender, or relationships.

Oppressed

Individuals or groups who are subjected to unjust treatment or control by others, often being denied fundamental rights and freedoms.

Conflict Theory

A sociological perspective emphasizing the role of power disparities and economic inequality in contributing to social conflict and change.