Which of the Following Is NOT True About Intermediaries

question 69

Multiple Choice

Which of the following is NOT true about intermediaries?

• A) They save time for other participants in a transaction.
• B) They always increase total expenses for a product.
• C) They play an important role in the exchange process.
• D) They specialize in trade rather than production.

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Definitions:

Unemployment Rate

The level of unemployment within the labor force among those who are vigorously searching for jobs.

Economy

The system or range of economic activities in a particular area, involving the production, distribution, and consumption of goods and services.

Unemployment Rate

The proportion of jobless individuals who are making an active effort to find employment in the labor force.

Natural Rate

The level at which a certain economic variable (such as unemployment or interest rate) naturally settles, in the absence of external influences.