Except for gold, there are no organized trading ( ) for these goods, making a conversation to cash at true value a potentially slow and difficult task
A: managements
B: markets
C: materials
D: moments
A: managements
B: markets
C: materials
D: moments
举一反三
- As urban populations exported finished goods ____________ raw materials from neighboring populations, organized trade grew substantially.
- One disadvantage of gold as the basis for a currency is A: gold is difficult to transport in large quantities. B: a new discovery of gold could quickly change the value of the currency. C: a gold standard can be costly to maintain if the currency comes under speculation. D: all of the above.
- When markets fail, which of the following is true? A: Government intervention can always improve outcomes. B: Government intervention can potentially improve outcomes. C: Government intervention can never improve outcomes. D: Markets do not fail.
- a difficult task you can do only by making great effort A: struggle B: bar C: squeeze D: water channel
- Free markets allocate (a) the supply of goods to the buyers who value them most highly and (b) the demand for goods to the sellers who can produce them at least cost.