The Term "Market" Refers to

question 45

Multiple Choice

The term "market" refers to

• A) physical structures only.
• B) locations where buyers and sellers physically meet.
• C) any arrangement that enables buyers and sellers to get information and trade with one another.
• D) trading arrangements that have been approved by the government.

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Definitions:

Physiological Needs

Fundamental human requirements such as air, water, food, shelter, and sleep, which are necessary for survival according to Maslow's hierarchy of needs.

Preoccupied

Being engrossed or absorbed in thoughts, concerns, or activities, often to the extent of being unaware of other things.

Esteem Needs

A higher-level psychological requirement for a person to have self-respect and the respect of peers; includes feelings of mastery, achievement, and recognition.

Adolescence

is a transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.