A Market

question 50

Multiple Choice

A market

• A)must be located in a single centralized place where all buyers and sellers can meet together at once.
• B)generally fails to coordinate trading activity, as evidenced by the apparent chaos on Wall Street.
• C)cannot operate without direct government intervention in the conduct of trades.
• D)requires little communication.
• E)is a group of buyers and sellers buying and selling goods and services.

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Definitions:

Avoidance-avoidance Conflict

A psychological conflict that occurs when a person must choose between two equally unattractive options.

Lesser Of Two Evils

A principle that suggests when faced with selecting from two undesirable options, the one which is less harmful should be chosen.

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Homosexual orientation refers to an enduring pattern of emotional, romantic, and/or sexual attractions to individuals of the same sex.

Heterosexual Orientation

A sexual orientation characterized by a romantic or sexual attraction to individuals of the opposite sex.