The Major Characteristic That Is Used to Differentiate Between Types

question 28

Multiple Choice

The major characteristic that is used to differentiate between types of intermediaries is whether they:

• A) install exchange barriers such as location,time,and quantity
• B) prevent specialization of labor
• C) decrease economies of scale
• D) take title to the products they sell
• E) raise profit margins for independent middlemen

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Definitions:

Line Of Perfect Equality

A representation in economics and statistics showing an equitable distribution of income or wealth, where everyone has the same amount.

1980s

A decade characterized by economic neoliberal policies, technological advancements, and significant political changes worldwide.

Upper Two Quintiles

Refers to the top 40% of the income distribution in a given population.

Income

The financial gain or revenue received by an individual or entity, typically measured on a yearly basis.