Speculators:
A) serve no important economic function, except buying low and selling high.
B) move resources from periods of low-value use to periods of high-value use.
C) move resources from poor countries to rich counties.
D) are a key source of inflation.

Question

Quizplus · Accepted Answer

Speculators play an important role in moving resources from periods of low-value use to periods of high-value use by buying low and selling high. This helps to allocate resources efficiently in the economy. They are not necessarily a source of inflation and do not necessarily move resources from poor countries to rich countries.