Markets Can Be Missing If

question 43

Multiple Choice

Markets can be missing if:

• A) there is a lack of technology that would make the exchanges possible.
• B) there is a ban on the sale of a particular good.
• C) there is a lack of accurate information between potential buyers and sellers.
• D) All of these are true.

---

Definitions:

Assembly Line

An assembly line is a manufacturing process wherein parts are added to a product in a sequential manner to create a finished product efficiently.

Production Technology

The methods, equipment, and techniques used in the production of goods and services, including advancements that can impact efficiency and output.

Flextime

A flexible work schedule that allows employees to alter their start and end times, offering a better work-life balance.

Work Schedules

The planned hours and days that employees are expected to work, including shifts, rotations, and flex-time arrangements.