A middleman is a person who
A) specializes in arranging trades and selling, guaranteeing, and servicing items traded.
B) acts as a middle person between the top management of a business firm and the hourly employees who actually produce the goods and services.
C) adds to the seller's expense and the buyer's buying price without providing a service to either.
D) levies a tax on private sector activity and uses the funds to support government activities.
Correct Answer:
Verified
Q211: Internet sites such as eBay make it
Q212: In economics, the term for a person
Q213: Opportunity cost is defined
A) only in terms
Q214: High transaction costs will tend to
A) reduce
Q215: Which of the following most accurately states
Q217: Middlemen, such as grocers, stockbrokers, and realtors
A)
Q218: Which of the following is true with
Q219: The opportunity cost of an activity
A) depends
Q220: Compared to a situation where transaction costs
Q221: Melanie has a choice of driving or
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents