Markets

Which of the following can't be seen as a market?

• Bank

• JSE

• Farmer's market

• An Excluded beach

The two types of markets we find in economics is the Goods and service market and the Factor market.

• True

• False

Which of the following is NOT a factor market?

• Labour market

• Capital market

• Money market

• Goods market

In which market will businesses sell the items the produce?

• Goods market

• Factor market

In which market will households sell their labour they own?

• Factor market

• Goods market

What is a group of people who want a product and are able to buy it?

• Market

• Producer

• Business market

• Consumer market

Which consists of customers who buy products for their own use?

• Business market

• Consumer market

Which is not a characteristic of a market?

• They need or want the product

• They are not willing to buy the product

• They are able to buy the product

• They have the authority to buy the product

What does JSE in economic terms stand for?

• Johannesburg stock exchange

• Java Standard Edition

• Journal of Special Education

• Japanese Society of Endourology

If you buy a lawnmower to use in a lawn service, it is a part of which market?

• Business

• Consumer