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:

MIA

An acronym that stands for Missing in Action, referring to military personnel whose whereabouts are unknown after engagement in combat.

Civil Rights Legislation

Encompasses laws and regulations passed to eliminate discrimination based on race, color, religion, sex, or national origin and to protect the civil rights of individuals.

Racial Inequality

refers to the unequal treatment or perception of individuals based on their race, leading to disparities in income, education, employment, and health.

Structural Problems

Refers to fundamental issues within a social, economic, or political structure that cause inequities or inefficiencies, often requiring systemic change to resolve.