Resources are bought and sold in:
A) product markets.
B) resource markets.
C) foreign exchange markets.
D) the stock market.
E) the spot market.

Question

Quizplus · Accepted Answer

Resources (such as labor, land, and capital) are bought and sold in resource markets. Product markets are where finished goods and services are bought and sold, foreign exchange markets deal with currencies, the stock market deals with shares of publicly-traded companies, and the spot market is a market where financial instruments are exchanged for immediate delivery.

Resources Are Bought and Sold In