Markets I.enable buyers and sellers to get information.
II.are defined by economists as geographical locations where trade occurs.
III.have evolved because they facilitate trade.
Which of the above statements are correct?
A)I only
B)III only
C)I and III only
D)II and III only
E)I,II and III

Question

Quizplus · Accepted Answer

Markets do enable buyers and sellers to get information and have evolved to facilitate trade, as stated in statements I and III. While economists do sometimes define markets in terms of geographical locations, this is not the only definition and is not true for all types of markets, so statement II is not completely accurate.

Markets I.enable Buyers and Sellers to Get Information