Which of the following statements are true? a.Markets are forums in which parties exchange goods and services at a "price," where the latter can be flexibly construed. b.Your current economics course, the next election, and the dating scene can all be seen as markets. c.Markets by definition involve the exchange of money for goods and services.

Which of the following statements are true? a.Markets are forums in which parties exchange goods and services at a "price," where the latter can be flexibly construed. b.Your current economics course, the next election, and the dating scene can all be seen as markets. c.Markets by definition involve the exchange of money for goods and services.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter1: What Economics Is About

Section: Chapter Questions

Problem 3QP

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Question

Which of the following statements are true?

a.Markets are forums in which parties exchange goods and services at a "price," where the latter can be flexibly construed.

b.Your current economics course, the next election, and the dating scene can all be seen as markets.

c.Markets by definition involve the exchange of money for goods and services.

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