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Which of the Following Five Scenarios Illustrate Markets in Action

Question 1

Multiple Choice

Which of the following five scenarios illustrate markets in action?
(i) You rent a book at the university bookstore.
(ii) You bargain at a street stall.
(iii) You mow your own lawn.
(iv) You get a manicure at a nail salon.
(v) You grow your own vegetables and consume them yourself.


A) (i) , (ii) , and (iii)
B) (i) , (iii) , and (v)
C) (iii) and (v)
D) (i) , (ii) , and (iv)

Correct Answer:

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