Markets Can Be Missing

question 128

Multiple Choice

Markets can be missing:

• A) because public policy prevents the market from existing.
• B) when the production of a particular good is banned.
• C) because of a lack of accurate information between potential buyers and sellers.
• D) All of these are true.

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Definitions:

Slave Trade

The historical trading of enslaved Africans, primarily between the 16th and 19th centuries, to the Americas.

Slave Labor

The forced labor of individuals who are owned by others, without the right to refuse work or receive payment, historically practiced in various societies.

Chesapeake Planters

Wealthy landowners in the Chesapeake Bay region during the colonial period, primarily involved in the cultivation of tobacco using slave labor.