Suppose You Bought Three Tickets to a Concert in Advance

question 45

Multiple Choice

Suppose you bought three tickets to a concert in advance at the University ticket window. At the last minute one friend cancelled, so you could use only two of those tickets. You scalped, or sold, the third ticket just outside the entrance to the concert for slightly more than the price you had originally paid. Which transaction occurred in a market?

• A)Only the advance purchase and sale at the University window was a market transaction.
• B)Only the transaction that occurred the evening of the concert was a market transaction.
• C)Both transactions, the one at the University ticket window as well as the sale at the concert entrance, occurred in markets.
• D)Neither the advance sale at the University ticket window nor the sale the night of the concert occurred in markets.

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Definitions:

Cerebrum

The largest part of the human brain, responsible for voluntary movements, sensory perception, learning, memory, and other higher cognitive functions.

Peduncles

Stalk-like structures in plants or the brain, serving as connectors or support, such as the cerebellar peduncles that connect the cerebellum to the brainstem.

Cerebellum

A part of the brain located at the base of the skull, responsible for coordinating voluntary movements, balance, and posture.

Brainstem

The structure in the brain that connects the spinal cord to the forebrain and cerebrum, controlling vital functions such as breathing and heart rate.